Waverly, Pike County, Ohio Property Taxes
Median Waverly, OH effective property tax rate: 1.35%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Waverly, OH home value: $64,170
Median annual Waverly, OH tax bill: $813, $1,587 lower than the national median property tax bill of $2,400.
How are property taxes in Pike County calculated?
Property taxes in Waverly, OH 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, Pike County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.35%
Estimate Property Tax Bill
$866
$804
Property Tax Rates Across Waverly, Pike County, Ohio
Local government entities set tax rates, which can vary widely within a state. Annually, 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. Below, you can compare Waverly’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.
Waverly, located in Pike County, has an effective property tax rate of 1.35%. This rate is higher than the national median property tax rate of 1.02%, indicating that homeowners in Waverly may face higher property tax bills compared to the national average. In Ohio, Waverly's property tax rate is consistent, as it also represents both the highest and lowest median tax rates within the region. This uniformity in tax rates within the area highlights the consistency in property tax assessments. Understanding these rates can help homeowners anticipate their property tax obligations and plan accordingly.
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
1.35%
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 Pike County Tax Rate
1.23%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Waverly, Pike County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45690 | 0.95% | 1.22% | 1.35% | 1.44% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Waverly, Pike County, Ohio
When examining property taxes in Waverly, Ohio, 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. Pike County 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 Pike 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 $64,170, with tax bills ranging significantly across the county. Zip code 45690 has the highest median home price at $64,170.
Property Tax Assessment Values Across Waverly, Pike County, Ohio
Source: Ownwell
$21,305
$48,658
$76,010
Median Waverly Market Value
$64,170
Median Pike County Market Value
$47,540
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Waverly, Pike County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45690 | $3,482 | $14,355 | $64,170 | $104,082 | $166,646 |
Source: Ownwell
Property Tax Bills Across Waverly, Pike County, Ohio
In Waverly, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in this area is $64,170. The property tax rate applied to this assessed value determines the tax bill. While the national median property tax bill is $2,400, in Waverly, the tax bill can vary significantly. For example, the 25th percentile tax bill is $169, while the 75th percentile reaches $1,351, and the 90th percentile is as high as $2,109. Homeowners in Waverly, therefore, may experience a wide range of tax bills based on their property's assessed value and the local tax rate.
Homeowners can benefit from appealing their property tax assessments, potentially lowering their tax bills. Ownwell offers expert property tax appeal services, helping homeowners navigate the appeal process. By analyzing property data and identifying discrepancies, Ownwell can assist in reducing tax liabilities, ensuring homeowners pay only their fair share. This service is particularly valuable in areas like Waverly, where tax bills can be substantial relative to home values.
Median Waverly Tax Bill
$813
Median Pike County Tax Bill
$512
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Waverly, Pike County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45690 | $39 | $169 | $813 | $1,351 | $2,109 |
Source: Ownwell