Liberty County, Florida Property Taxes
The median property tax rate in Liberty County is 1.20%, which is higher than both the national median of 0.99% and the Florida state median of 1.14%. With a median home value of $47,685 in Liberty County, the typical annual property tax bill is $460, well below the national median of $2,690. Property taxes in Liberty County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Liberty County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bristol or another part of Liberty County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Liberty County, Florida Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$572
$531
Ownwell’s Liberty County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Liberty County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Liberty County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Liberty County, Florida
Property taxes in Liberty County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Liberty County is 1.20%, which is higher than both the Florida state median and the U.S. national median of 0.99%. Local government entities within Liberty County set these rates annually, and they can vary significantly between different areas within the county. Each year, Liberty County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Liberty County's effective property tax rate with other counties in Florida and the national median. For comparison, the city of Sumatra has one of the higher property tax rates in Florida at 1.47%, while the city of Telogia boasts one of the lowest at 0.98%. Analyzing how Liberty County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Liberty County Tax Rate
1.20%
Average Florida Tax Rate
1.14%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Liberty County, Florida
In Liberty County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Liberty County Appraisal District. The assessed value, however, 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. Assessment notices in Liberty County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Liberty County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Liberty County, the city with the highest median tax bill is Sumatra at $1,499, while Telogia has the lowest median tax bill at $284.
Average Liberty County Assessed Value
$47,685
Average Florida Assessed Value
$276,648
Average United States Assessed Value
$244,900
Property Tax Bills Across Liberty County, Florida
Property tax bills in Liberty County, FL, are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by the county's property appraiser and reflects the market value of the home. Factors such as property location, size, and condition play a significant role in this assessment. For instance, the median home price in Liberty County is $47,685. Homeowners in Liberty County experience a range of tax bills. The 25th percentile tax bill is $235, while the 75th percentile tax bill is $1,090. At the higher end, the 90th percentile tax bill reaches $1,935. Comparatively, Sumatra has the highest median tax bill at $1,499, while Telogia has the lowest median tax bill at $284. The national median property tax rate is 0.99%, and these local figures illustrate the variance within the county. Understanding these factors helps homeowners anticipate their property tax obligations and plan accordingly.
Average Liberty County Tax Bill
$460
Average Florida Tax Bill
$2,953
Average United States Tax Bill
$2,690