Camden, West Virginia Property Taxes
The median property tax rate in Camden, WV is 0.53%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Camden at $88,900, the typical annual property tax bill reaches $455, significantly below 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, West Virginia 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, West Virginia
Property taxes in Camden, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Camden is 0.53%, 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 areas in Lewis County and the national median. For comparison, the zip code 26338 has both the highest and lowest median property tax rate of 0.53%. 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
0.53%
Average Lewis County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26338 | 0.32% | 0.41% | 0.53% | 0.53% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Camden, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Camden, West Virginia. 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 Assessor's Office 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. For example, the highest median tax bill in Camden is $455.00 in the 26338 zip code, while the lowest median tax bill is also $455.00 in the same zip code. 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.
Average Camden Assessed Value
$88,900
Average Lewis County Assessed Value
$72,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26338 | $13,190 | $42,600 | $88,900 | $126,400 | $180,590 |
Source: Ownwell
Property Tax Bills Across Camden, West Virginia
In Camden, Lewis County, WV, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Homeowners in Camden face a median property tax rate of 0.99%, aligning with the national median. The median home price in Camden is $88,900, meaning the average tax bill hovers around $455 annually. However, tax bills can vary significantly. For instance, those in the 25th percentile pay around $255, while those in the 75th percentile see bills closer to $701. At the higher end, in the 90th percentile, homeowners might pay up to $1,117. These variations depend on factors such as property location, improvements, and exemptions. Understanding these tax implications helps homeowners budget effectively and ensures they are not caught off guard by their annual tax obligations. By staying informed, Camden residents can better manage their finances and potentially seek exemptions or appeals to lower their tax burden.
Average Camden Tax Bill
$455
Average Lewis County Tax Bill
$437
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26338 | $91 | $255 | $455 | $701 | $1,117 |
Source: Ownwell