Waverly, Florida Property Taxes
The median property tax rate in Waverly, FL is 1.91%, considerably higher than both the national median of 0.99% and the Florida state median of 1.14%. With the median home value in Waverly, the typical annual property tax bill reaches $948, which is below the national median of $2,690. Property taxes in Waverly 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 Waverly'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 Waverly 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
Waverly, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$943
$892
$1,148
Average Waverly, Florida Tax Savings
Ownwell’s Waverly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waverly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waverly to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Waverly. 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 Waverly, Florida
Property taxes in Waverly, Florida, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waverly is 1.91%, significantly higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Waverly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waverly 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 Waverly's effective property tax rate to other counties in Florida and the national median. For comparison, the 33877 zip code has the highest median property tax rate of 1.91%, while the same zip code also has the lowest median tax rate of 1.91%. Understanding how these cities compare with Waverly provides valuable insights into the varying tax landscape across Polk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waverly Tax Rate
1.91%
Average Polk County Tax Rate
1.16%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waverly, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33877 | 1.09% | 1.48% | 1.91% | 2.36% | 2.86% |
Source: Ownwell
$1,148
Average Waverly Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Waverly, Florida
In Waverly, Florida, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Polk County Appraisal District 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 Waverly, 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. 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 Waverly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Waverly's 33877 zip code, the median tax bill is $948.
Average Waverly Assessed Value
$49,390
Average Polk County Assessed Value
$203,226
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waverly, Florida
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33877 | $12,158 | $32,304 | $49,390 | $91,932 | $111,518 |
Source: Ownwell
$1,148
Average Waverly Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Waverly, Florida
In Waverly, FL, property tax bills are calculated based on the assessed value of your home and the local tax rate. For instance, with a median home price of $49,390, homeowners in Waverly can expect a property tax bill that ranges from $632 at the 25th percentile to $1,761 at the 90th percentile. The assessed value is determined by the county assessor, who considers factors such as the home's size, age, location, and market conditions. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Compared to the national median property tax rate of 0.99%, Waverly's tax rates can significantly impact homeowners, especially those with higher-valued properties. Ownwell can help homeowners in Waverly save on their property tax bills by providing expert property tax appeal and exemption services. By accurately assessing your property's value and ensuring you are not overpaying, Ownwell can help reduce your annual tax burden, providing financial relief and peace of mind.
Average Waverly Tax Bill
$948
Average Polk County Tax Bill
$1,931
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690
Property Tax Bills Across Waverly, Florida
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33877 | $214 | $632 | $948 | $1,303 | $1,761 |
Source: Ownwell
$1,148
Average Waverly Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to petition!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | September 10 |
| Tax Bill | |
| Issued | November 1 |
Links | |
|---|---|
| Polk Property Appraiser | |
| Website | www.polkpa.org |
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