Waverly Hall, Georgia Property Taxes
The median property tax rate in Waverly Hall, GA is 1.23%, higher than both the national median of 0.99% and the Georgia state median of 1.08%. With the median home value in Waverly Hall at $156,213, the typical annual property tax bill reaches $1,924, which is below the national median of $2,690. Property taxes in Waverly Hall are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Waverly Hall'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 Hall 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 Hall, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,921
$1,866
Ownwell’s Waverly Hall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waverly Hall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waverly Hall to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. 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 Hall, Georgia
Property taxes in Waverly Hall, Georgia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waverly Hall is 1.23%, notably higher than the U.S. national median of 0.99%. Local government entities within Waverly Hall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waverly Hall 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 Hall's effective property tax rate to other counties in Georgia and the national median. For comparison, the zip code 31831 has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Waverly Hall provides valuable insights into the varying tax landscape across Talbot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waverly Hall Tax Rate
1.23%
Average Talbot County Tax Rate
1.23%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waverly Hall, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31831 | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Waverly Hall, Georgia
In Waverly Hall, Georgia, 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 Talbot 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. 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 Hall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 31831, both at $1,924.
Average Waverly Hall Assessed Value
$156,213
Average Talbot County Assessed Value
$71,281
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waverly Hall, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31831 | $38,113 | $110,978 | $156,213 | $216,665 | $265,565 |
Source: Ownwell
Property Tax Bills Across Waverly Hall, Georgia
In Waverly Hall, Talbot County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $156,213, homeowners can expect varying tax bills depending on their property's specific assessment and applicable local tax rates. Several factors influence the tax bill, including property location, home improvements, and market conditions. In Waverly Hall, the 25th percentile tax bill is around $1,367, while the 75th percentile reaches $2,669, and the 90th percentile can be as high as $3,271. These figures help illustrate the range of property tax liabilities homeowners might face. Compared to the national median property tax rate of 0.99%, Waverly Hall's tax rates reflect the local economic environment and funding needs for public services. Understanding these factors helps homeowners budget accordingly and anticipate their annual financial obligations.
Average Waverly Hall Tax Bill
$1,924
Average Talbot County Tax Bill
$942
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Waverly Hall, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31831 | $469 | $1,367 | $1,924 | $2,669 | $3,271 |
Source: Ownwell