Average Tax Assessment in Camden County

Camden County has a total of 17,405 properties with a cumulative value of $3.2B, representing 0.40% of all real estate value in Georgia. Property taxes in Camden County totaled $33.5M, with an average homeowner paying $1,926 in property taxes, which is lower than the state average of $2,360. The average property tax rate in Camden County is 1.05%, higher than the state average of 1.00%. Properties are typically valued for tax purposes based on their fair market value.

The property tax timeline in Georgia begins on January 1st, when the property values are assessed. Property value notices are then issued between April and July, and property owners have 30 to 45 days after the notices are mailed to file an appeal. Finally, property tax bills are issued on September 1st.

Camden County has an average property tax rate of 1.05%, which is slightly lower than the state average of 1.07%. This rate is applied to all properties in the county, regardless of their location. However, the effective property tax rate can vary significantly between cities. For example, Kingsland has the highest effective property tax rate in the county at 1.11%, while White Oak has the lowest at 0.98%. This means that homeowners in Kingsland will pay an average of $2,039 in property taxes, while those in White Oak will pay an average of $1,814.

Overall, Camden County has a relatively low property tax rate compared to other counties in the state. However, there is still a significant difference in the effective property tax rate between cities, which can have a major impact on the amount of taxes homeowners have to pay. It is important for homeowners to be aware of the differences in property tax rates between cities in order to make an informed decision when purchasing a home.

The data from Redfin indicates that the median home price in Camden County decreased by 4.59% from October 2022 to October 2023. This suggests that the housing market in Camden County is cooling off. Additionally, the home inventory in Camden County increased by 19.27% from October 2022 to October 2023, indicating that there is an increase in the number of homes available for purchase. This could be due to an increase in the number of sellers in the area, or a decrease in the number of buyers. Overall, the data suggests that the housing market in Camden County is slowing down.

Mortgages in Camden County are a major factor in the local economy. There is currently over $1.3 billion in outstanding loan amounts across home mortgages in the county. This is equivalent to 7.3 thousand outstanding loans, representing a significant portion of the total home value in the area.

The median mortgage rate in Camden County varies across cities, ranging from 3.8% in White Oak to 4.09% in Woodbine. This difference in rates can have a major impact on the cost of a loan and the amount of money a borrower can save over the life of the loan. As such, it is important for potential borrowers to research the different rates available in the area before making a decision.