Liberty, Texas Property Taxes
The median property tax rate in Liberty, TX is 0.91%, which is notably lower than both the national median of 0.99% and the Texas state median of 1.67%. With a median home value of $261,400 in Liberty, the typical annual property tax bill comes to $2,927, surpassing the national median of $2,690. Property taxes in Liberty are calculated based on the tax assessed value, typically lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Liberty'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 Liberty or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Liberty, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$2,379
$2,201
$1,148
Average Liberty, Texas Tax Savings
Ownwell’s Liberty Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Liberty with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Liberty to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Liberty. 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 Liberty, Texas
Property taxes in Liberty, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Liberty is 1.94%, higher than both the Texas state median of 1.66% and the U.S. national median of 0.99%. Local government entities within Liberty set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liberty 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 Liberty's effective property tax rate to other counties in Texas and the national median. For comparison, the 77575 zip code has the highest median property tax rate of 1.94%, while the 77575 zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with Liberty provides valuable insights into the varying tax landscape across Chambers, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Liberty Tax Rate
0.91%
Average Chambers County Tax Rate
0.41%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liberty, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77575 | 0.34% | 0.54% | 0.91% | 1.50% | 1.67% |
Source: Ownwell
$1,148
Average Liberty Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Liberty, Texas
In Liberty, Texas, 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 Chambers 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. In Liberty, 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 median home price in Liberty is $261,400. The tax bill varies significantly, with the 25th percentile at $1,117, and the 90th percentile reaching $5,739. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Liberty Assessed Value
$261,400
Average Chambers County Assessed Value
$279,850
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Liberty, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77575 | $118,806 | $172,240 | $261,400 | $328,960 | $426,318 |
Source: Ownwell
$1,148
Average Liberty Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Liberty, Texas
In Liberty, located in Chambers County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Liberty stands at $261,400, with property tax rates varying across different percentiles. For instance, the 25th percentile tax bill is $1,117, while the 75th percentile reaches $4,632, and the 90th percentile can be as high as $5,739. These figures highlight the significant range in property tax bills, influenced by factors such as property size, location, and market conditions. Homeowners in Liberty can face substantial financial burdens due to these taxes. However, Ownwell offers a solution by providing expert property tax appeal and exemption services. By leveraging local market knowledge and legal expertise, Ownwell helps homeowners contest their assessed values, potentially lowering their tax bills. This service not only alleviates financial strain but also ensures homeowners pay a fair amount, reflecting the true value of their property.
Average Liberty Tax Bill
$2,927
Average Chambers County Tax Bill
$1,206
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Liberty, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77575 | $544 | $1,117 | $2,927 | $4,632 | $5,739 |
Source: Ownwell
$1,148
Average Liberty Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Chambers Appraisal District | |
| Website | www.chamberscad.org |
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