Camden, South Carolina Property Taxes
The median property tax rate in Camden, SC is 0.82%, slightly lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Camden at $21,285, the typical annual property tax bill amounts to $192, which is significantly below the national median of $2,690. Property taxes in Camden are calculated based on the assessed value, which often falls below market value due to various 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 substantial 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, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$175
Ownwell’s Camden Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to 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 provide an estimate of your property tax bill. This intuitive tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more granular insights, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Camden, South Carolina
Property taxes in Camden, South Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camden is 0.82%, which is lower than 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 areas in South Carolina and the national median. For comparison, the zip code 29020 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Camden provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
0.82%
Average Lee County Tax Rate
0.82%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29020 | 0.12% | 0.71% | 0.82% | 2.13% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Camden, South Carolina
In Camden, South 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 Lee County Assessor's Office 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. For example, the highest median tax bill in Camden is $192 in the 29020 zip code, while the lowest median tax bill is also $192 in the same zip code.
Average Camden Assessed Value
$21,285
Average Lee County Assessed Value
$18,320
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29020 | $5,796 | $9,298 | $21,285 | $49,918 | $104,557 |
Source: Ownwell
Property Tax Bills Across Camden, South Carolina
In Camden, located in Lee County, SC, property tax bills are determined through a combination of the property's assessed value and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the tax rate set by local authorities. For instance, Camden's median home price is $21,285, and tax rates are applied accordingly to calculate the final tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Camden typically see tax bills ranging from $85 at the 25th percentile to $675 at the 90th percentile. The highest median tax bill in the area is $192, found in the 29020 zip code. These property taxes directly impact homeowners by funding essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Camden's rates can offer some relief, making it an attractive location for homeowners seeking lower property tax burdens.
Average Camden Tax Bill
$192
Average Lee County Tax Bill
$174
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29020 | $41 | $85 | $192 | $388 | $675 |
Source: Ownwell