Camden County, North Carolina Property Taxes
The median property tax rate in Camden County is 0.62%, which is significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Camden County at $282,772, the typical annual property tax bill reaches $1,669, which is considerably less than the national median of $2,690. Property taxes in Camden County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Camden County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Camden or another part of Camden County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Camden County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$1,753
$1,627
Ownwell’s Camden County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Camden County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Camden County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Camden County, North Carolina
Property taxes in Camden County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Camden County is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Camden County set these rates annually, and they can vary significantly between different areas within the county. Each year, Camden County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Camden County's effective property tax rate with other counties in North Carolina and the national median. For comparison, the city of Shiloh has one of the higher property tax rates in North Carolina at 0.64%, while the city of South Mills boasts one of the lowest at 0.60%. Analyzing how Camden County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Camden County Tax Rate
0.62%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camden | 0.55% | 0.59% | 0.63% | 0.67% | 0.72% |
| Elizabeth City | N/A | N/A | N/A | N/A | N/A |
| Shawboro | 0.52% | 0.58% | 0.62% | 0.66% | 0.70% |
| Shiloh | 0.53% | 0.60% | 0.64% | 0.70% | 0.80% |
| South Mills | 0.51% | 0.57% | 0.60% | 0.63% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Camden County, North Carolina
In Camden County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Camden County Appraisal District. The assessed value, however, 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. Assessment notices in Camden County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Camden County, the median home price is $282,772, with tax bills ranging significantly. South Mills has the highest median tax bill at $1,845, while Elizabeth City has the lowest at $639. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Camden County, North Carolina
Source: Ownwell
$181,884
$253,325
$324,766
Average Camden County Assessed Value
$282,772
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camden | $91,076 | $171,537 | $284,593 | $373,825 | $473,201 |
| Elizabeth City | N/A | N/A | N/A | N/A | N/A |
| Shawboro | $84,672 | $165,848 | $280,854 | $343,035 | $412,658 |
| Shiloh | $60,174 | $114,448 | $181,884 | $282,438 | $428,260 |
| South Mills | $98,405 | $191,817 | $324,766 | $400,917 | $466,579 |
Source: Ownwell
Property Tax Bills Across Camden County, North Carolina
In Camden County, NC, property tax bills are determined by assessing the market value of a home and applying the local tax rate to that value. The median home price in the county is $282,772. This assessed value is then multiplied by the tax rate to calculate the annual tax bill. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, impacting the tax bill. For homeowners in Camden County, property taxes can vary significantly. The tax bill at the 25th percentile is around $970, while at the 75th percentile, it’s approximately $2,232. At the 90th percentile, homeowners might pay up to $2,815. Comparatively, the highest median tax bill within the county is in South Mills at $1,845, while Elizabeth City has the lowest at $639. Understanding these variations helps homeowners anticipate their property tax obligations and manage their finances better.
Average Camden County Tax Bill
$1,669
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Camden | $498 | $987 | $1,696 | $2,285 | $2,968 |
| Elizabeth City | N/A | N/A | N/A | N/A | N/A |
| Shawboro | $457 | $962 | $1,541 | $2,038 | $2,304 |
| Shiloh | $390 | $700 | $1,131 | $1,751 | $2,540 |
| South Mills | $637 | $1,140 | $1,845 | $2,308 | $2,779 |
Source: Ownwell