Waverly, Bremer County, Iowa Property Taxes

Name: Property Tax Bills Across Waverly, Bremer County, Iowa
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waverly, IA effective property tax rate: 1.53%, significantly higher than the national median of 1.02%, but lower than the Iowa state median of 1.54%.
Median Waverly, IA home value: $207,260
Median annual Waverly, IA tax bill: $3,108, $708 higher than the national median property tax bill of $2,400.

How are property taxes in Bremer County calculated?

Property taxes in Waverly, IA 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, Bremer County, Iowa Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.53%

Estimate Property Tax Bill

$3,171

$2,943

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 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 Bremer County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waverly, Bremer County, Iowa

Local government entities are responsible for setting property tax rates, and these can differ significantly within a state. Each year, counties estimate the budget necessary to provide essential services and divide this by the total assessed value of all taxable properties in their jurisdiction. This calculation determines the property tax rate. Although votes and legislation play a role in establishing these rates and budgets, this is the basic annual procedure.

In Waverly, located in Bremer County, the effective property tax rate is a key point of comparison. The median property tax rate here stands at 1.53%, which is considerably higher than the national median of 1.02%. This difference highlights the variation in tax rates that can occur not just between states, but also within them. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively. By comparing Waverly's rate to those in other cities within Iowa and the broader U.S., property owners can gain valuable insights into their local tax landscape.

Property Tax Rates Across Waverly, Bremer County, Iowa

Source: Ownwell

0.94%

1.23%

1.53%

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

1.53%

Median Effective Bremer County Tax Rate

1.48%

Median Effective Iowa Tax Rate

1.54%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waverly, Bremer County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
50677	1.03%	1.40%	1.53%	1.60%	1.66%

Source: Ownwell

Property Tax Assessment Values Across Waverly, Bremer County, Iowa

When examining property taxes in Waverly, Iowa, 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 Bremer County Assessor's Office 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 Bremer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 $207,260, with tax bills ranging significantly across the county. Zip code 50677 has the highest median home price at $207,260.

Property Tax Assessment Values Across Waverly, Bremer County, Iowa

Source: Ownwell

$58,560

$170,245

$281,930

Median Waverly Market Value

$207,260

Median Bremer County Market Value

$189,165

Median Iowa Market Value

$167,100

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waverly, Bremer County, Iowa

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
50677	$89,382	$138,980	$207,260	$301,900	$402,804

Source: Ownwell

Property Tax Bills Across Waverly, Bremer County, Iowa

In Waverly, located in Bremer County, IA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Waverly, the median home price is $207,260, which influences the tax bill size. Homeowners may experience property tax bills ranging from the 25th percentile at $2,208 to the 90th percentile at $5,918. The median tax bill in Waverly is $3,108, which is above the national median property tax bill of $2,400. This can be a significant financial burden for homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing individual property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their property tax obligations, ensuring they pay only their fair share and potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Waverly, Bremer County, Iowa

Source: Ownwell

$824

$2,051

$3,278

Median Waverly Tax Bill

$3,108

Median Bremer County Tax Bill

$2,696

Median Iowa Tax Bill

$2,508

Median United States Tax Bill

$2,400

Property Tax Bills Across Waverly, Bremer County, Iowa

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
50677	$1,513	$2,208	$3,108	$4,440	$5,918

Source: Ownwell