Camden, Alabama Property Taxes
The median property tax rate in Camden, Alabama is 0.23%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Camden at $255,590, the typical annual property tax bill amounts to $588, which is well below the national median of $2,690. Property taxes in Camden are calculated based on the tax assessed value, which usually falls below the 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, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Camden, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.23%
Estimate Property Tax Bill
$588
$546
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, Alabama
Property taxes in Camden, Alabama, 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 0.23%, which is significantly lower than both the Alabama 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 Alabama and the national median. For comparison, the highest median property tax rate in Alabama can be found in Jefferson County, while the lowest median tax rate is in Crenshaw County. Understanding how these cities compare with Camden provides valuable insights into the varying tax landscape across Wilcox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
0.23%
Average Monroe County Tax Rate
0.31%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36726 | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% |
Source: Ownwell
Property Tax Assessment Values Across Camden, Alabama
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Camden, Alabama. 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 Monroe 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. For example, the highest median tax bill in Camden is $588 in the 36726 zip code, which is also the lowest median tax bill, reflecting the uniformity in tax assessments. 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.
Average Camden Assessed Value
$255,590
Average Monroe County Assessed Value
$87,150
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36726 | $255,590 | $255,590 | $255,590 | $255,590 | $255,590 |
Source: Ownwell
Property Tax Bills Across Camden, Alabama
In Camden, Monroe County, AL, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. The assessed value is a percentage of the property's market value, and in Alabama, the assessment ratio for residential property is 10%. This means that for a median home price of $255,590, the assessed value would be $25,559. The property tax rate is then applied to this assessed value to determine the annual tax bill. In Camden, the property tax rate results in a median tax bill of $588, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax bill can be beneficial for homeowners, as it reduces the overall cost of owning a home in the area. Factors such as property exemptions and local tax rates can also influence the final tax bill, but Camden's consistent median tax bill of $588 indicates a stable and predictable property tax environment for its residents.
Average Camden Tax Bill
$588
Average Monroe County Tax Bill
$316
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36726 | $588 | $588 | $588 | $588 | $588 |
Source: Ownwell