Waverly Hall, Georgia Property Taxes
The median property tax rate in Waverly Hall, GA is 1.11%, which is higher than both the national median of 0.99% and Georgia's state median of 1.08%. With a median home value of $173,754 in Waverly Hall, the typical annual property tax bill amounts to $1,987, still below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like those for primary residences and agricultural properties. 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 Harris County, 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
1.11%
Estimate Property Tax Bill
$1,929
$1,873
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, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Waverly Hall is 0.83%, which is lower than both the Georgia state median of 0.92% and 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 31831 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with Waverly Hall provides valuable insights into the varying tax landscape across Harris County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waverly Hall Tax Rate
1.11%
Average Harris County Tax Rate
1.11%
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 | 1.00% | 1.09% | 1.11% | 1.11% | 1.43% |
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 Harris 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 Hall, 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. The median home price in the area stands at $173,754. Tax bills can vary widely, with the 25th percentile at $707 and the 75th percentile at $3,555. The highest median tax bill in the region is $1,987, found in the 31831 zip code, which also has the lowest median tax bill at the same value. By understanding 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.
Average Waverly Hall Assessed Value
$173,754
Average Harris County Assessed Value
$227,672
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 | $21,990 | $59,923 | $173,754 | $336,500 | $407,924 |
Source: Ownwell
Property Tax Bills Across Waverly Hall, Georgia
In Waverly Hall, located in Harris 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 assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $173,754, homeowners can expect varying tax bills. At the 25th percentile, tax bills are around $707, while at the 75th percentile, they can rise to $3,555. The 90th percentile sees tax bills as high as $4,337. These figures reflect the range of property tax burdens homeowners might face. The local tax rate in Harris County plays a crucial role in determining the final amount. Compared to the national median property tax rate of 0.99%, the tax rate in Waverly Hall can significantly impact homeowners' financial planning. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Waverly Hall Tax Bill
$1,987
Average Harris County Tax Bill
$2,437
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 | $245 | $707 | $1,987 | $3,555 | $4,337 |
Source: Ownwell