Camden, Camden County, New Jersey Property Taxes
Median Camden, NJ effective property tax rate: 2.82%, significantly higher than the national median of 1.02%, but equal to the New Jersey state median of 2.82%.
Median Camden, NJ home value: $68,789
Median annual Camden, NJ tax bill: $1,925, $475 lower than the national median property tax bill of $2,400.
How are property taxes in Camden calculated?
Property taxes in Camden, NJ are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Camden’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Camden, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Camden, Camden County, New Jersey Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.82%
Estimate Property Tax Bill
$1,940
$1,800
Property Tax Rates Across Camden, Camden County, New Jersey
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Camden’s effective property tax rate to other cities in New Jersey and the median property tax rates in New Jersey and the U.S.
Camden, located in Camden County, boasts a median property tax rate of 2.82%. This rate is notably higher than the national median property tax rate of 1.02%. The city, alongside other areas in New Jersey, reflects the state's reputation for having some of the highest property tax rates in the country. While Camden's property tax rate is consistent across different zip codes, it is essential for property owners to understand how these rates impact their annual tax bills. Being informed about these rates can help homeowners make strategic financial decisions and potentially seek appeals or exemptions where applicable.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Camden Tax Rate
2.82%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Camden County Tax Rate
3.17%
Median Effective New Jersey Tax Rate
2.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Camden, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08102 | 2.82% | 2.82% | 2.82% | 2.82% | 2.82% |
| 08103 | 2.82% | 2.82% | 2.82% | 2.82% | 2.82% |
| 08104 | 2.82% | 2.82% | 2.82% | 2.82% | 2.82% |
| 08105 | 2.82% | 2.82% | 2.82% | 2.82% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Camden, Camden County, New Jersey
When examining property taxes in Camden, NJ, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Camden County Board of Taxation estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Camden County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Camden. For example, the median home price in Camden is $68,789, with tax bills ranging significantly across the county. Zip code 08105 has the highest median home price at $84,346.
Property Tax Assessment Values Across Camden, Camden County, New Jersey
Source: Ownwell
$54,570
$257,531
$460,492
Median Camden Market Value
$68,789
Median Camden County Market Value
$216,803
Median New Jersey Market Value
$282,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Camden, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08102 | $31,357 | $52,018 | $64,901 | $78,634 | $109,528 |
| 08103 | $28,051 | $40,350 | $62,348 | $82,887 | $109,382 |
| 08104 | $27,710 | $39,864 | $54,570 | $73,530 | $90,180 |
| 08105 | $49,101 | $67,817 | $84,346 | $101,118 | $120,321 |
Source: Ownwell
Property Tax Bills Across Camden, Camden County, New Jersey
In Camden, NJ, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the tax rate set by the local government to determine the annual property tax bill. The median home price in Camden is $68,789, leading to a tax bill that can vary significantly. For instance, the 25th percentile tax bill is $1,319, while the 75th percentile tax bill is $2,485, and the 90th percentile reaches $3,066. These figures highlight how property taxes can impact homeowners differently, with some paying above the national median property tax bill of $2,400.
Homeowners in Camden can benefit from Ownwell’s property tax appeal services, which aim to ensure that their property is not over-assessed. By reviewing the assessment and gathering evidence for an appeal, Ownwell can potentially lower the tax bill, saving homeowners money. This service is particularly valuable in areas like Camden, where property tax rates can significantly affect household finances.
Median Camden Tax Bill
$1,925
Median Camden County Tax Bill
$7,089
Median New Jersey Tax Bill
$8,227
Median United States Tax Bill
$2,400
Property Tax Bills Across Camden, Camden County, New Jersey
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 08102 | $877 | $1,448 | $1,824 | $2,199 | $3,061 |
| 08103 | $777 | $1,123 | $1,743 | $2,322 | $3,079 |
| 08104 | $761 | $1,113 | $1,531 | $2,065 | $2,528 |
| 08105 | $1,370 | $1,897 | $2,367 | $2,843 | $3,373 |
Source: Ownwell