CAMDEN — Camden’s 2021-22 property tax rate for municipal, school and county government costs increased 2% over last year.
The new rate for the 2021-22 fiscal year is $15.35 per thousand dollars of property valuation. The rate was $15.03 for the prior fiscal year.
Camden’s share of education costs for SAD 28 (K-8) and Five Town CSD (9-12) accounts for 62% of residents’ property taxes, up less than one percent from 62.44% last year.
The municipal budget accounts for 30% of the tax bill, changing little from 30.17% last year.
This year, Camden’s share of Knox County government costs accounts for 8% of the tax bill. County costs accounted for 7.4% of Camden’s property tax bill last year. While Knox County government costs are a small part of Camden’s property tax bill, they increased by 9% in both 2021 and 2020 fiscal years.
Taxes are due Oct. 15 and April 15, 2022.
On June 8, Camden voters approved a $9,841,751 municipal budget at the polls and by absentee ballot.
Voters also approved $3,869,121 in non-property tax revenues to reduce the property tax burden for municipal government costs. The use of revenues is up 6.5% from the prior year.
The net amount remaining to be paid for municipal costs through property tax totals $5,972,630, a 0.86% increase over the 2020-21 fiscal year
Due to the pandemic, the municipal budget was decided by paper ballot at the polls and absentee for the second year in a row. The use of paper ballots, and encouragement of absentee ballots was a measure to reduce the spread of COVID-19.
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