Camden, South Carolina Property Taxes
The median property tax rate in Camden, SC is 0.62%, which is lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $116,400 in Camden, the typical annual property tax bill amounts to $846, significantly 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 primary residence and agricultural exemptions. Understanding Camden's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial 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, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
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, South Carolina
Property taxes in Camden, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camden is 0.62%, which is lower than 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 regions in South Carolina and the national median. For comparison, the 29020 zip code has both the highest and lowest median property tax rate of 0.62%. Understanding how these cities compare with Camden provides valuable insights into the varying tax landscape across Kershaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden Tax Rate
0.62%
Average Kershaw County Tax Rate
0.66%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29020 | 0.36% | 0.48% | 0.62% | 1.87% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Camden, South Carolina
In Camden, South Carolina, 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 Kershaw 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. Notably, the highest and lowest median tax bills in Camden are both $846.00 in the 29020 zip code.
Average Camden Assessed Value
$116,400
Average Kershaw County Assessed Value
$113,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29020 | $16,300 | $52,100 | $116,400 | $212,000 | $325,980 |
Source: Ownwell
Property Tax Bills Across Camden, South Carolina
In Camden, located in Kershaw County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The median home price in Camden is $116,400. To calculate the tax bill, the assessed value is multiplied by the local property tax rate. This rate is applied uniformly, ensuring that properties are taxed fairly based on their assessed value. Several factors influence the final tax bill, including the home's market value, any applicable exemptions, and local tax rates. For example, the 25th percentile tax bill in Camden is $422, while the 75th percentile tax bill is $1,430, and the 90th percentile tax bill reaches up to $2,349. The median tax bill in the area is $846, which is below the national median property tax rate of 0.99%. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, making them an essential part of community funding.
Average Camden Tax Bill
$846
Average Kershaw County Tax Bill
$792
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29020 | $216 | $422 | $846 | $1,430 | $2,349 |
Source: Ownwell