Waverly, Kansas Property Taxes
The median property tax rate in Waverly, KS is 1.29%, which is higher than the national median of 0.99% but lower than the Kansas state median of 1.43%. With a median home value of $83,660 in Waverly, the typical annual property tax bill amounts to $1,074, which is below the national median of $2,690. Property taxes in Waverly are determined based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Waverly's property tax system, leveraging available exemptions, and seeking opportunities for reductions can result in substantial yearly savings. Whether you reside in the heart of Waverly or its surrounding areas, a thorough understanding of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Waverly, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,079
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, Kansas
Property taxes in Waverly, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waverly is 1.29%, higher than both the Kansas 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 Kansas and the national median. For comparison, the 66871 zip code has both the highest and lowest median property tax rate of 1.29%. Understanding how these cities compare with Waverly provides valuable insights into the varying tax landscape across Coffey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waverly Tax Rate
1.29%
Average Coffey County Tax Rate
1.25%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waverly, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66871 | 0.95% | 1.05% | 1.29% | 1.44% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Waverly, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Waverly, Kansas. 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 Coffey 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 in Waverly 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Waverly is $83,660, with the 25th percentile tax bill at $464 and the 75th percentile tax bill at $1,929. The highest and lowest median tax bills are both $1,074 in the 66871 zip code.
Average Waverly Assessed Value
$83,660
Average Coffey County Assessed Value
$92,950
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waverly, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66871 | $15,066 | $38,008 | $83,660 | $152,218 | $239,840 |
Source: Ownwell
Property Tax Bills Across Waverly, Kansas
In Waverly, KS, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and this percentage can vary. Homeowners in Waverly can expect their property tax rates to be influenced by various local factors, including school district funding, municipal services, and infrastructure projects. For instance, in Coffey County, where Waverly is located, the median home price is $83,660. Property tax bills can vary significantly, with the 25th percentile tax bill at $464 and the 75th percentile tax bill at $1,929. At the 90th percentile, homeowners might see tax bills as high as $2,783. These figures highlight the range of property tax burdens that can affect homeowners, depending on their property's assessed value and the specific tax rates applied by local authorities. Compared to the national median property tax rate of 0.99%, Waverly's property tax rates can be relatively moderate, yet they still have a notable impact on household budgets.
Average Waverly Tax Bill
$1,074
Average Coffey County Tax Bill
$1,148
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Waverly, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 66871 | $173 | $464 | $1,074 | $1,929 | $2,783 |
Source: Ownwell