Camden, Ohio Property Taxes
The median property tax rate in Camden, Ohio is 1.33%, noticeably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $96,400 in Camden, the typical annual property tax bill amounts to $1,274, which is below the national median of $2,690. Property taxes in Camden are calculated based on the tax assessed value, which is generally lower than the market value due to exemptions such as those for primary residences and agricultural properties. 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, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,282
Ownwell’s Camden Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers who want to estimate their annual property taxes in Camden. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Camden to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Camden, Ohio
Property taxes in Camden, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camden is 1.33%, higher than both the Ohio 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 Ohio and the national median. For comparison, the 45311 zip code has the highest median property tax rate of 1.33%, while the 45311 zip code has the lowest median tax rate of 1.33%. Understanding how these cities compare with Camden provides valuable insights into the varying tax landscape across Preble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
1.33%
Average Preble County Tax Rate
1.43%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45311 | 0.82% | 1.14% | 1.33% | 1.46% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Camden, Ohio
In Camden, Ohio, 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 Preble County 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 45311 in Camden has both the highest and lowest median tax bill at $1,274.
Average Camden Assessed Value
$96,400
Average Preble County Assessed Value
$108,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45311 | $4,900 | $32,700 | $96,400 | $170,300 | $265,670 |
Source: Ownwell
Property Tax Bills Across Camden, Ohio
In Camden, located in Preble County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the estimated worth of the property. Various factors such as property size, location, and improvements are considered to determine this value. Homeowners in Camden experience property tax bills that can vary widely. For instance, the 25th percentile tax bill is around $573, while the 75th percentile reaches up to $1985, and the 90th percentile can go as high as $2766. Compared to the national median property tax rate of 0.99%, Camden's rates are influenced by local policies and economic conditions. These property taxes are crucial for funding local services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners must budget for these taxes, which can significantly affect their annual expenses and overall financial planning.
Average Camden Tax Bill
$1,274
Average Preble County Tax Bill
$1,629
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45311 | $89 | $573 | $1,274 | $1,985 | $2,766 |
Source: Ownwell