Many Camden City residents are still trying to figure out a solution to their high property tax bills from 2011, whether it’s coming up with the money or appealing to local government. Well, they will soon be hit with the next round of property taxes -- for first quarter 2012 -- which will likely have only a slight increase (about $20 for the average home valued at $55,000).
Because the fiscal year 2012 city budget has yet to be adopted, City Council will have to vote tonight whether to allow the first quarter tax bills to go out based on the city’s proposed budget. It calls for an increase of less than 4 percent in the municipal tax levy.
The municipal property tax rate accounts for only one slice of the property tax pie. There are also county, school, library, and open space rates.
Last year, the city increased its municipal tax levy by 9.8 percent, while the county increased its levy by 21 percent. Also added was a library tax because the city joined the county library system.