Waverly, Tallapoosa County, Alabama Property Taxes
Median Waverly, AL effective property tax rate: 0.30%, significantly lower than the national median of 1.02%, and also lower than the Alabama state median of 0.47%.
Median Waverly, AL home value: $43,050
Median annual Waverly, AL tax bill: $158, $2,242 lower than the national median property tax bill of $2,400.
How are property taxes in Tallapoosa calculated?
Property taxes in Waverly, AL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Waverly’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waverly, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waverly, Tallapoosa County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.3%
Estimate Property Tax Bill
$129
$120
Property Tax Rates Across Waverly, Tallapoosa County, Alabama
Local government entities determine tax rates, which can differ significantly within Alabama. The process involves each county estimating its necessary budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation leads to the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Waverly, located in Tallapoosa County, the effective property tax rate is notably lower than both the Alabama state median and the national median. With Alabama's median property tax rate at 0.30%, Waverly stands out as an affordable location for property owners. In comparison, the national median property tax rate is 1.02%, making Waverly an attractive choice for those looking to minimize their property tax burden.
By choosing Waverly, property owners can benefit from lower property taxes while still enjoying the services provided by the local government. This makes Waverly a compelling option for those seeking to optimize their property tax expenditures.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Waverly Taxx Rate
0.30%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Tallapoosa County Taxx Rate
0.32%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Waverly, Tallapoosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36879 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Waverly, Tallapoosa County, Alabama
When examining property taxes in Waverly, Alabama, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Tallapoosa County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Tallapoosa County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Waverly. For example, the median home price in Waverly is $43,050, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Waverly, Tallapoosa County, Alabama
Source: Ownwell
$55,900
$169,950
$284,000
Median Waverly Market Value
$43,050
Median Tallapoosa County Market Value
$120,950
Median Alabama Market Value
$149,600
Median United States Market Value
$244,900
Property Tax Assessment Values Across Waverly, Tallapoosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36879 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Waverly, Tallapoosa County, Alabama
In Waverly, Tallapoosa County, AL, property tax bills are determined by the assessed value of a home, which is a percentage of the market value. The property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Waverly face varying tax bills, with the 25th percentile at $106 and the 90th percentile reaching $802, reflecting the diversity in property values and tax obligations. Compared to the national median property tax bill of $2,400, Waverly residents generally experience lower tax bills. However, even these amounts can impact homeowners' finances, especially if property values increase or personal circumstances change.
Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing individual property assessments and identifying potential discrepancies or opportunities for exemptions, Ownwell helps homeowners navigate the complex property tax system. This can lead to significant savings, ensuring homeowners pay only their fair share without overburdening their budgets. Through personalized service and expert knowledge, Ownwell empowers homeowners to manage their property tax obligations effectively.
Median Waverly Tax Bill
$158
Median Tallapoosa County Tax Bill
$472
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,690
Property Tax Bills Across Waverly, Tallapoosa County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36879 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell