Liberal, Missouri Property Taxes
The median property tax rate in Liberal, MO is 1.11%, slightly higher than the national median of 0.99% but lower than the Missouri state median of 1.20%. With the median home value in Liberal, the typical annual property tax bill reaches $531, which is significantly below the national median of $2,690. Property taxes in Liberal are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Liberal'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 Liberal or another part of Barton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Liberal, Missouri Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$556
Ownwell’s Liberal Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Liberal with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Liberal 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 Liberal, Missouri
Property taxes in Liberal, Missouri, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Liberal is 1.11%, higher than both the Missouri state median and the U.S. national median of 0.99%. Local government entities within Liberal set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liberal 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 Liberal's effective property tax rate to other counties in Missouri and the national median. For comparison, the zip code 64762 has the highest median property tax rate of 1.11%, while zip code 64759 has the lowest median tax rate of 1.05%. Understanding how these cities compare with Liberal provides valuable insights into the varying tax landscape across Barton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Liberal Tax Rate
1.11%
Average Barton County Tax Rate
1.13%
Average Missouri Tax Rate
1.20%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liberal, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64759 | 1.05% | 1.05% | 1.05% | 1.05% | 1.05% |
| 64762 | 0.80% | 0.98% | 1.11% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Liberal, Missouri
In Liberal, Missouri, 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 Barton County Assessor 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 Liberal, 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. For instance, the highest median tax bill in the area is $891 in zip code 64759, while the lowest is $530 in zip code 64762. Being aware of these valuation processes in Liberal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Liberal Assessed Value
$50,066
Average Barton County Assessed Value
$57,829
Average Missouri Assessed Value
$129,505
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Liberal, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64759 | $84,987 | $84,987 | $84,987 | $84,987 | $84,987 |
| 64762 | $12,105 | $23,434 | $49,974 | $103,263 | $185,316 |
Source: Ownwell
Property Tax Bills Across Liberal, Missouri
In Liberal, located in Barton County, MO, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, determined by the county assessor. For instance, if a home has a median market value of $50,066, the assessed value will be a fraction of this amount, depending on state regulations. The property tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location within specific zip codes. For example, the highest median tax bill in the area is $891 in the 64759 zip code, while the lowest is $530 in the 64762 zip code. Homeowners in Liberal can expect their tax bills to range from $255 at the 25th percentile to $1,901 at the 90th percentile. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Liberal Tax Bill
$531
Average Barton County Tax Bill
$634
Average Missouri Tax Bill
$1,606
Average United States Tax Bill
$2,690
Property Tax Bills Across Liberal, Missouri
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 64759 | $891 | $891 | $891 | $891 | $891 |
| 64762 | $137 | $255 | $530 | $1,044 | $1,902 |
Source: Ownwell