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Waverly, Polk County, Florida Property Taxes

  • Median Waverly, FL effective property tax rate: 1.91%, significantly higher than the national median of 1.02%, but lower than the Florida state median of 1.14%.

  • Median Waverly, FL home value: $49,390

  • Median annual Waverly, FL tax bill: $948, $1,452 lower than the national median property tax bill of $2,400.

How are property taxes in Polk calculated?

Property taxes in Waverly, FL 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, Polk County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.91%

Estimate Property Tax Bill

$943

$875

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Waverly Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waverly with just two data points. By entering your property's estimated assessed value, our calculator applies Waverly’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Polk County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waverly, Polk County, Florida

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Waverly in Polk County, Florida, showcases a property tax landscape that is quite distinct. The effective property tax rate here stands at 1.91%, significantly higher than the national median property tax rate of 1.02%. This rate places Waverly among the higher tax regions within the state. Despite this, the property tax rate in Waverly is consistent with the highest and lowest rates found within its own zip code, which also stands at 1.91%.

Comparing Waverly’s effective property tax rate to other cities in Florida and the median property tax rates in Florida and the U.S. provides valuable insights. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Waverly, Polk County, Florida

Source: Ownwell

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0.61%

1.28%

1.95%

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 Tax Rate

1.91%

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 Polk County Tax Rate

1.16%

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waverly, Polk County, Florida

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
338771.09%1.48%1.91%2.36%2.86%

Source: Ownwell

Property Tax Assessment Values Across Waverly, Polk County, Florida

When examining property taxes in Waverly, FL, 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 Polk County Property Appraiser 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. Assessment notices: In Polk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 $49,390, with tax bills ranging significantly across the county. 33877 has the highest median home price at $49,390.

Property Tax Assessment Values Across Waverly, Polk County, Florida

Source: Ownwell

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$33,000

$153,520

$274,039

Median Waverly Market Value

$49,390

Median Polk County Market Value

$203,226

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waverly, Polk County, Florida

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
33877$12,158$32,304$49,390$91,932$111,518

Source: Ownwell

Property Tax Bills Across Waverly, Polk County, Florida

In Waverly, located in Polk County, FL, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county property appraiser and is based on various factors, including market conditions and property characteristics. The median home price in Waverly is $49,390, and the property tax bill can vary significantly, with the 25th percentile at $632 and the 90th percentile reaching $1,761. Compared to the national median property tax bill of $2,400, Waverly homeowners generally pay less. However, property taxes can still be a significant expense, impacting household budgets. Homeowners in Waverly can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell specializes in property tax appeal services, helping homeowners potentially lower their tax bills. By leveraging expertise and local market knowledge, Ownwell can identify opportunities for savings and guide homeowners through the appeal process, ensuring they pay only their fair share.

Property Tax Bills Across Waverly, Polk County, Florida

Source: Ownwell

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$628

$1,893

$3,158

Median Waverly Tax Bill

$948

Median Polk County Tax Bill

$1,931

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Waverly, Polk County, Florida

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
33877$214$632$948$1,303$1,761

Source: Ownwell

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