Camden, North Carolina Property Taxes
The median property tax rate in Camden, NC is 0.63%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Camden at $284,593, the typical annual property tax bill reaches $1,696, significantly below the national median of $2,690. Property taxes in Camden are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Camden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Camden or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Camden, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,793
Ownwell’s Camden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Camden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camden to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Camden, North Carolina
Property taxes in Camden, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camden is 0.63%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Camden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camden estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Camden's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27921 zip code has the highest median property tax rate of 0.63%, while the 27921 zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Camden provides valuable insights into the varying tax landscape across Camden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
0.63%
Average Camden County Tax Rate
0.62%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27921 | 0.55% | 0.59% | 0.63% | 0.67% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Camden, North Carolina
In Camden, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Camden, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Camden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 27921, which is $1,696.00, while the lowest median tax bill is also in the same zip code at $1,696.00.
Average Camden Assessed Value
$284,593
Average Camden County Assessed Value
$282,772
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27921 | $91,076 | $171,537 | $284,593 | $373,825 | $473,201 |
Source: Ownwell
Property Tax Bills Across Camden, North Carolina
Property tax bills in Camden, NC are calculated based on the assessed value of a property, which is determined by the county's tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Camden, the median home price is $284,593. Property tax bills can vary significantly, with the 25th percentile paying around $987, while those in the 75th percentile face bills of approximately $2,285. At the higher end, the 90th percentile sees tax bills reaching up to $2,968. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the highest and lowest median tax bill in the region is both $1,696, specifically in the 27921 zip code. Compared to the national median property tax rate of 0.99%, Camden's tax rates can be relatively moderate, affecting homeowners by providing a predictable annual expense that can influence budgeting and financial planning.
Average Camden Tax Bill
$1,696
Average Camden County Tax Bill
$1,669
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27921 | $498 | $987 | $1,696 | $2,285 | $2,968 |
Source: Ownwell