Camden, New York Property Taxes
The median property tax rate in Camden, NY is 2.91%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With a median home value of $55,150 in Camden, the typical annual property tax bill is $1,532, surpassing 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, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.91%
Estimate Property Tax Bill
$1,605
$1,489
Ownwell’s Camden Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Camden. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Camden to provide an accurate estimate of your property tax bill. This powerful tool offers a clear understanding of potential tax liabilities, helping you make informed decisions about your property investments. For those interested in more granular data, you can find neighborhood-specific trends by scrolling down. Remember, your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Camden, New York
Property taxes in Camden, NY, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Camden stands at 2.91%, significantly higher than the U.S. national median of 0.99%. Local government entities within Camden set these rates annually, and they can vary 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 Lewis County and the national median. For comparison, the zip code 13316 has the highest median property tax rate of 2.91%, while the lowest median tax rate is also 2.91% in the same zip code. Understanding how these areas compare with Camden provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
2.91%
Average Lewis County Tax Rate
2.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13316 | 2.90% | 2.91% | 2.91% | 2.91% | 2.91% |
Source: Ownwell
Property Tax Assessment Values Across Camden, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Camden, NY. 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 Lewis 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. The median home price in Camden is $55,150. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Camden's zip code 13316 has both the highest and lowest median tax bill at $1,542. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Camden Assessed Value
$55,150
Average Lewis County Assessed Value
$102,300
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13316 | $18,780 | $32,600 | $54,200 | $84,125 | $119,040 |
Source: Ownwell
Property Tax Bills Across Camden, New York
Property tax bills in Camden, NY, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value of the home, which is periodically evaluated by the local assessor's office. In Camden, the median home price is $55,150. The tax rate, applied to the assessed value, determines the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, this means that any renovations or additions could lead to a higher tax bill. In Camden, the tax bill varies significantly, with the 25th percentile at $940 and the 75th percentile at $2,296. The 90th percentile tax bill can reach up to $3,409, indicating a wide range of tax obligations among homeowners. Comparatively, the national median property tax rate is 0.99%, making Camden's rates relatively high. This variation affects homeowners differently, depending on their property's assessed value and any applicable exemptions or deductions.
Average Camden Tax Bill
$1,532
Average Lewis County Tax Bill
$2,429
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13316 | $547 | $936 | $1,542 | $2,300 | $3,429 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Lewis Assessment Review Commission | |
| Website | lewiscountyny.gov |