Camden, Wilcox County, Alabama Property Taxes
The median property tax rate in Camden, AL is 0.36%, significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With a median home value of $115,240, the typical annual property tax bill in Camden is $409, far below the national median of $2,690. Property taxes in Camden are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as 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, Wilcox County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.36%
Estimate Property Tax Bill
$415
$385
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, Wilcox County, 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 0.36%, 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 the state is found in some areas, while others have the lowest median tax rates. 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
0.36%
Average Wilcox County Tax Rate
0.36%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, Wilcox County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36726 | 0.25% | 0.31% | 0.36% | 0.39% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Camden, Wilcox County, Alabama
In Camden, Alabama, 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. Notably, the highest median tax bill in Camden is $409 in the 36726 zip code, while the lowest is also $409 in the same zip code.
Property Tax Assessment Values Across Camden, Wilcox County, Alabama
Source: Ownwell
$74,340
$94,790
$115,240
Average Camden Assessed Value
$115,240
Average Wilcox County Assessed Value
$99,190
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, Wilcox County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36726 | $39,834 | $61,762 | $115,240 | $198,245 | $303,468 |
Source: Ownwell
Property Tax Bills Across Camden, Wilcox County, Alabama
In Camden, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $115,240, homeowners can expect varying tax bills depending on their specific property assessments and applicable exemptions. Factors considered in calculating property taxes include the property's assessed value, local tax rates, and any eligible exemptions or deductions. In Camden, the tax bill at the 25th percentile is $219, while at the 75th percentile, it rises to $724. The highest median tax bill recorded in the area is $409, which is consistent across the zip code 36726. These property taxes significantly impact homeowners, as they contribute to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Camden's property tax bills reflect a more affordable cost of living, providing financial relief for residents.
Average Camden Tax Bill
$409
Average Wilcox County Tax Bill
$331
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, Wilcox County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36726 | $116 | $219 | $409 | $724 | $1,073 |
Source: Ownwell