Liberal, Kansas Property Taxes
The median property tax rate in Liberal, KS is 2.01%, significantly higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Liberal at $105,835, the typical annual property tax bill reaches $2,132, which is below the national median of $2,690. Property taxes in Liberal 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 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 the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Liberal, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$2,127
$1,974
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, Kansas
Property taxes in Liberal, Kansas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Liberal is 2.01%, substantially higher than 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 Kansas and the national median. For comparison, the 67901 zip code has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these cities compare with Liberal provides valuable insights into the varying tax landscape across Seward County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Liberal Tax Rate
2.01%
Average Seward County Tax Rate
2.01%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liberal, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67901 | 1.87% | 1.96% | 2.01% | 2.03% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Liberal, Kansas
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Liberal, KS. 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 Seward 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 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. Being aware of these valuation processes in Liberal helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Liberal, the highest median tax bill is $2,132 in the 67901 zip code, which also has the lowest median tax bill of $2,132. The 25th percentile tax bill is $1,384, while the 75th percentile tax bill is $2,846, and the 90th percentile tax bill is $3,661.
Average Liberal Assessed Value
$105,835
Average Seward County Assessed Value
$105,380
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Liberal, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67901 | $39,470 | $68,680 | $105,835 | $142,232 | $183,690 |
Source: Ownwell
Property Tax Bills Across Liberal, Kansas
In Liberal, KS, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the final tax bill. For instance, the median home price in Liberal is $105,835. The tax bill can vary significantly, with the 25th percentile at $1,384 and the 75th percentile at $2,846. At the 90th percentile, homeowners might see a tax bill as high as $3,661. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. Homeowners in Liberal face property taxes that can impact their annual budgets, especially when compared to the national median property tax rate of 0.99%. The highest median tax bill in the area is $2,132, which is consistent across the 67901 zip code. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Liberal Tax Bill
$2,132
Average Seward County Tax Bill
$2,119
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Liberal, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67901 | $824 | $1,384 | $2,132 | $2,846 | $3,661 |
Source: Ownwell