Liberty, Texas Property Taxes
The median property tax rate in Liberty, TX is 1.59%, considerably higher than the national median of 0.99% but slightly lower than the Texas state median of 1.67%. With the median home value in Liberty at $127,040, the typical annual property tax bill reaches $1,638, which is below the national median of $2,690. Property taxes in Liberty are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the 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
1.59%
Estimate Property Tax Bill
$2,020
$1,869
$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 1.59%, higher than both the Texas state median of 1.81% 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 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with Liberty provides valuable insights into the varying tax landscape across Liberty County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Liberty Tax Rate
1.59%
Average Liberty County Tax Rate
1.43%
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 | 0.47% | 1.05% | 1.59% | 1.98% | 2.35% |
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 Liberty 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. Being aware of these valuation processes in Liberty helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,638 in the 77575 zip code, which is also the lowest median tax bill, illustrating a relatively uniform property tax landscape.
Average Liberty Assessed Value
$127,040
Average Liberty County Assessed Value
$88,865
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 | $23,790 | $56,300 | $127,040 | $209,410 | $292,746 |
Source: Ownwell
$1,148
Average Liberty Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Liberty, Texas
In Liberty, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local appraisal district. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the home's market value, location, and any applicable exemptions are considered in this process. For example, the median home price in Liberty is $127,040, resulting in varying tax bills. Homeowners in the 25th percentile pay around $619, while those in the 75th percentile face bills of approximately $3,203. Property taxes significantly impact homeowners' finances, making it crucial to ensure their bills are fair. Ownwell helps homeowners save on their property tax bills by providing professional tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell can potentially reduce the assessed value, leading to lower tax bills. This can provide substantial savings, especially for those facing higher tax rates in Liberty.
Average Liberty Tax Bill
$1,638
Average Liberty County Tax Bill
$1,071
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 | $235 | $619 | $1,638 | $3,203 | $4,786 |
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 | |
|---|---|
| Liberty Appraisal District | |
| Website | esearch.libertycad.com |
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