Waverly, Georgia Property Taxes
The median property tax rate in Waverly, GA is 1.07%, slightly higher than the national median of 0.99% but just below the Georgia state median of 1.08%. With a median home value of $239,990 in Waverly, the typical annual property tax bill amounts to $2,273, which is below the national median of $2,690. Property taxes in Waverly are calculated based on the assessed value, which is often lower than the market value due to exemptions such as 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, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,568
$2,494
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 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, Georgia
Property taxes in Waverly, Georgia, are essential in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Waverly is 1.07%, higher than both the Georgia 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 Georgia and the national median. For comparison, the 31565 zip code has the highest median property tax rate of 1.07%, while the 31565 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Waverly provides valuable insights into the varying tax landscape across Camden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waverly Tax Rate
1.07%
Average Camden County Tax Rate
1.20%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waverly, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31565 | 0.86% | 1.00% | 1.07% | 1.17% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Waverly, Georgia
In Waverly, 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 Camden 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. The zip code with the highest median tax bill is 31565 at $2,273, while the lowest is also 31565 at $2,273. Being aware of these valuation processes in Waverly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Waverly Assessed Value
$239,990
Average Camden County Assessed Value
$230,457
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waverly, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31565 | $44,096 | $103,430 | $239,990 | $380,758 | $499,907 |
Source: Ownwell
Property Tax Bills Across Waverly, Georgia
In Waverly, located in Camden County, GA, property tax bills are calculated by assessing the market value of a home and then applying the county's property tax rate to this value. The market value is determined based on various factors, including the size, location, and condition of the property. Once the market value is assessed, the local tax rate is applied to determine the annual tax bill. For homeowners in Waverly, the tax bill can vary significantly. For instance, the tax bill at the 25th percentile is around $906, while at the 75th percentile, it rises to approximately $3879. Those in the 90th percentile can expect to pay up to $5495 annually. This variation means that homeowners with higher-valued properties pay substantially more in property taxes compared to those with lower-valued homes. Understanding these factors can help homeowners anticipate their property tax liabilities and plan their finances accordingly. The national median property tax rate is 0.99%, providing a benchmark for comparison.
Average Waverly Tax Bill
$2,273
Average Camden County Tax Bill
$2,587
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Waverly, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31565 | $390 | $906 | $2,273 | $3,879 | $5,495 |
Source: Ownwell