At this time, I'll turn the call over to Ric Campo. Upon entering the meeting, the public will be muted. Questions can be directly submitted to the Camden County Tax Administrator using the chat button. The public will be called in the order the questions are received. Click here to access the Municipal Tax Assessors Web Portal Password Protected Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three months ended March 31, 2023. So first of all, the starts that are happening today are starts that are legacy starts or maybe in the first quarter were legacy starts, meaning that the deals were teed up. Included within our 2022 results which drove this original guidance was approximately $900,000 of first quarter 2022 revenue associated with the amortization of below-market leases from previously acquired communities and approximately $900,000 of first quarter 2022 severance costs associated with changes to our on-site staffing model. And unfortunately, I know you guys are pretty -- analysts are pretty overworked, if you want to call it that, in terms of being able to find stuff. I think we assume you're primarily referring to SoCal. And then with the turnover picking up from these getting people, I'm assuming CapEx turnover, some of the OpEx costs are going up. Great. Search Borough of Runnemede Tax Collector tax account information by block, lot, qualifier, owner name or property location. Do you think people are trading down in price due to several years of outsized rent increases? Resources and assistance may be available. Good morning, and welcome to Camden Property Trust's First Quarter 2023 Earnings Conference Call. Our $0.035 per share of positive same-store revenue results was partially offset by $0.025 of higher same-store property expenses primarily driven by much higher-than-anticipated levels of property insurance claims resulting from an unusual spike in smaller claims, generally under $25,000 per occurrence, which did not count towards our aggregate $3 million exposure. So we think overall market rent is going to be just a hair north of 3%. Electric Utility; Water & Sewer; Sanitation & Recycling; Permits, And our markets gained roughly 780 -- or 580,000 job or 80,000 people net, while if you look at the three other major markets that lost were New York, L.A. and San Francisco lost 300,000 in population at the same time that we gained in our markets almost 600,000 job -- population base. My guess is, is that probably trends back up in the second quarter. So Alex, you're right on the first part. And whether -- is it a new world order where we don't ever get back to 50? Find information about Camden County, New Jersey Property Tax Payments including paying and viewing your tax bills, school, county, and town tax information. https://www.nonoise.org/lawlib/states/newjerse/newjerse.htm. Robin Haneland here filling in for John. Renewal offers from May and June were sent out in the mid-6% range. When The next question comes from Alexander Goldfarb of Piper Sandler. And the renewals you signed in April were closer to that high 5% range. Powering the Next Generation of Electronic Bill Payments Camden County Clerk's Office Property Records WebThe Camden City Treasurer, located in Camden, Arkansas is responsible for financial transactions, including issuing Ouachita County tax bills, collecting personal and real property tax payments. Camden City School District Additionally, our full year 2022 results included a net $1 million of noncore casualty losses primarily in the back half of 2022, which will also be removed from our 2022 same-store results for 2023 comparison purposes. And then how do the numbers work, right? Download and print the Bank Draft Payment Form, Wateree Community Actions - Kershaw County Office, State of South Carolina Energy Office's website, The SC Weatherization Assistance Program (WAP). Rather, we receive the benefit of having our real estate back, the opportunity to commence a lease with a resident who abides by their rental contract and lower bad debt from having a new resident who actually pays. You said one market is underperforming your budget. http://24.246.110.18/ClerkSearch/ New Jersey offers taxpayers various tax relief and credit programs, which may lower the property's tax bill. Camden County Police Department And then they'll -- pricing will come more towards buyer's pricing rather than seller's pricing, and there should be some opportunities there. Further information about these risks can be found in our filings with the SEC, and we encourage you to review them. Box 95120 Camden, NJ 08101-5120 Camden Click here for a sample utility bill and explanation. We Buy Camden, Business Directory Click Here for Tax Account Info/Payments To make a payment by credit or debit card, And you can see all the items there, and you don't have to go dig in through financial statements. Redevelopment Plan And again, based on Ron's Witten's numbers, that number jumps to about 228,000 in 2024, and that would be the peak at least using his numbers for this cycle. Once again, we saw the highest growth rates in our three Florida markets: Tampa, Orlando and Southeast Florida, with Nashville also posting strong results. As soon as we can get our real estate back to -- with paying customers, the better for us. Camden County Delinquent Tax Sales & Auctions See the 2022-2023 Fiscal Year Electric Rate Schedule. Camden Business Association Business Directory, Camden Business Improvement District (CBID). Access a rundown of its value, tax rates and tax exemptions, like in the sample below. Business Borough of Haddonfield Tax Collector Tax Records By submitting this form you agree to our Privacy Policy & Terms. And we are hearing of further new developments in Florida that are not able to start in part because of very large insurance increases. Entering text into the input field will update the search result below. This concludes our question-and-answer session. So I think that we have a decent pipeline. Financing Incentives When you think about the population growth, the top 20 cities in America, 10 of which were in Camden's market. And given it takes a couple of years to complete, does second half '23 become interesting to Camden given the balance sheet from a starts perspective and the land banks so that you really have new product as deliveries decline exiting the downturn? This fee is charged by our third party vendor. The challenge is you've got to bet on massive rent increases to cover your cost of capital increase and your debt increases, assuming that construction costs stay sort of flat. Camden County Noise Ordinances & Codes And there's lots of anecdotal information out there on that. Records Management Unit I'm just sort of curious what happens with properties that can't fill their insurance book this year just given everything that's going on in Florida and Texas. So we're actually using much less concessions than we normally would. If you look at developments, obviously, they don't contribute EBITDA at the beginning, but our rating agencies would understand that they will over time. WebPowering the Next Generation of Electronic Bill Payments - Paymentus Levelized billing allows utility customers to pay approximately the same amount for utility service each month. https://www.arcgis.com/home/webmap/viewer.html And obviously, 1 quarter is -- makes us a little optimistic, but we'll see how it continues as we go through our peak leasing periods. What market is that and on the flipside, what markets are performing the best? So I'm guessing the latter includes your claims in addition to the premiums. WebThe Tax Commissioners Office is pleased to be able to offer payment of taxes by the internet. You can call the City of Camden Tax Assessor's Office for So that's a good trend. Camden Fire Department Find information about Camden County, New Jersey Ordinances & Codes including local law ordinances, municipal ordinances, municodes, city ordinances, and code enforcement. Click here for a sample utility bill and explanation. So obviously, that's a net positive for us. https://www.camdencountylibrary.org/housing-help. The SC Weatherization Assistance Program (WAP) enables low-income families to reduce their energy bills by making their homes more energy efficient. So it's moving within the market and moving outside of the market. The next question comes from John Kim of BMO Capital Markets. Turning to our financial results. View Camden County Board of Taxation home page, including commissioners, tax ratios, forms, related links and contact information.