Waverly, Carver County, Minnesota Property Taxes

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

Median Waverly, MN effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Minnesota state median of 1.11%.
Median Waverly, MN home value: $402,950
Median annual Waverly, MN tax bill: $3,475, $1,075 higher than the national median property tax bill of $2,400.

How are property taxes in Carver County calculated?

Property taxes in Waverly, MN 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, Carver County, Minnesota Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$3,506

$3,253

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

Property Tax Rates Across Waverly, Carver County, Minnesota

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. In Waverly, located in Carver County, property owners experience an effective tax rate that stands out when compared to other cities in Minnesota. The median property tax rate in Minnesota is 0.87%, which is lower than the national median property tax rate of 1.02%. This means that property owners in Waverly may benefit from relatively lower property tax rates compared to the national average. However, it's important for property owners to stay informed about their local tax rates and explore opportunities for appealing or seeking exemptions to ensure they are not overpaying on their property taxes. Understanding these nuances can lead to significant savings and a better grasp of how local government funding works.

Property Tax Rates Across Waverly, Carver County, Minnesota

Source: Ownwell

0.58%

0.98%

1.39%

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

0.87%

Median Effective Carver County Tax Rate

1.09%

Median Effective Minnesota Tax Rate

1.11%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waverly, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
55390	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Waverly, Carver County, Minnesota

When examining property taxes in Waverly, MN, 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 Carver 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 Carver 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 $402,950, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Waverly, Carver County, Minnesota

Source: Ownwell

$249,300

$432,500

$615,700

Median Waverly Market Value

$402,950

Median Carver County Market Value

$399,500

Median Minnesota Market Value

$290,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waverly, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
55390	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Waverly, Carver County, Minnesota

In Waverly, located in Carver County, MN, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the property tax bill. In Waverly, the median home price is $402,950, and homeowners typically face property tax bills ranging from $3,268 to $3,805, depending on their property’s assessed value and the local tax rate. This range is significantly higher than the national median property tax bill of $2,400, reflecting the area's higher property values and tax rates.

For homeowners, these tax bills can represent a substantial financial burden. However, Ownwell can help by offering property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies or opportunities for exemptions, Ownwell can assist homeowners in reducing their tax liabilities. This can result in significant savings, ensuring that homeowners in Waverly are not overpaying on their property taxes.

Property Tax Bills Across Waverly, Carver County, Minnesota

Source: Ownwell

$3,094

$4,772

$6,449

Median Waverly Tax Bill

$3,475

Median Carver County Tax Bill

$4,166

Median Minnesota Tax Bill

$3,182

Median United States Tax Bill

$2,400

Property Tax Bills Across Waverly, Carver County, Minnesota

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
55390	N/A	N/A	N/A	N/A	N/A

Source: Ownwell