Camden, Illinois Property Taxes
The median property tax rate in Camden, IL is 2.11%, considerably higher than the national median of 0.99%, yet slightly below the Illinois state median of 2.35%. With the median home value in Camden at $44,748, the typical annual property tax bill reaches $588, which is significantly lower than 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, Illinois Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$944
$923
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, Illinois
Property taxes in Camden, Illinois, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camden is 2.11%, significantly higher than both the Illinois 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 Illinois and the national median. For comparison, the zip code 62319 has both the highest and lowest median property tax rate of 2.11%. Understanding how these cities compare with Camden provides valuable insights into the varying tax landscape across Schuyler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
2.11%
Average Schuyler County Tax Rate
2.25%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62319 | 0.58% | 0.86% | 2.11% | 2.59% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Camden, Illinois
In Camden, Illinois, 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 Schuyler 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 highest median tax bill in the area is $588 in the 62319 zip code, while the lowest is also $588 in the same zip code.
Average Camden Assessed Value
$44,748
Average Schuyler County Assessed Value
$67,204
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62319 | $8,268 | $16,324 | $44,748 | $81,868 | $143,423 |
Source: Ownwell
Property Tax Bills Across Camden, Illinois
In Camden, IL, property tax bills are calculated based on the assessed value of a home, which is determined by the Schuyler County Assessor. The assessed value typically represents a percentage of the property's market value. Homeowners in Camden can expect their property tax rates to be influenced by various factors, including local government budgets, school district funding needs, and public service requirements. For a median home price of $44,748, property tax bills can vary significantly. At the lower end, the 25th percentile tax bill is around $208, while at the higher end, the 75th percentile tax bill reaches $1,953. The top 10% of property tax bills can be as high as $3,855. These variations reflect differences in property values and the specific tax rates applied within different areas of Schuyler County. Compared to the national median property tax rate of 0.99%, Camden's property taxes can be seen as relatively moderate, offering some relief to homeowners while still funding essential community services.
Average Camden Tax Bill
$588
Average Schuyler County Tax Bill
$1,400
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, Illinois
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 62319 | $83 | $208 | $588 | $1,953 | $3,855 |
Source: Ownwell