Liberal, Stevens County, Kansas Property Taxes
The median property tax rate in Liberal, KS is 1.74%, considerably higher than both the national median of 0.99% and the Kansas state median of 1.43%. With the median home value in Liberal, the typical annual property tax bill reaches $1,085, which is lower than 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 Stevens County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Liberal, Stevens County, Kansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$631
$586
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, Stevens County, Kansas
Property taxes in Liberal, Kansas, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Liberal is 1.74%, significantly higher than both the Kansas 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 Kansas and the national median. For comparison, the 67901 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Liberal provides valuable insights into the varying tax landscape across Stevens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Liberal Tax Rate
1.74%
Average Stevens County Tax Rate
2.00%
Average Kansas Tax Rate
1.43%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liberal, Stevens County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67901 | 1.67% | 1.69% | 1.74% | 2.76% | 4.51% |
Source: Ownwell
Property Tax Assessment Values Across Liberal, Stevens County, Kansas
In Liberal, Kansas, 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 Stevens 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. 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. In Liberal, the median home price is $36,280, with tax bills ranging from $544 at the 25th percentile to $2,668 at the 90th percentile. The zip code 67901 has the highest and lowest median tax bill, both at $1,085. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Liberal, Stevens County, Kansas
Source: Ownwell
$36,280
$70,813
$105,345
Average Liberal Assessed Value
$36,280
Average Stevens County Assessed Value
$87,350
Average Kansas Assessed Value
$156,260
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Liberal, Stevens County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67901 | $15,915 | $21,070 | $36,280 | $122,868 | $162,921 |
Source: Ownwell
Property Tax Bills Across Liberal, Stevens County, Kansas
In Liberal, Kansas, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For example, if the median home price in Liberal is $36,280, the assessed value would be a fraction of this amount, which is then multiplied by the local tax rate to determine the tax bill. Several factors influence the final tax bill, including the property's location within Stevens County and any applicable exemptions or deductions. In Liberal, the 25th percentile tax bill is $544, while the 75th percentile tax bill is significantly higher at $2,234. This variation highlights the impact of property values and specific tax rates on homeowners' financial obligations. For homeowners, understanding these factors is crucial as it affects their annual financial planning. Comparing the local tax rate to the national median property tax rate of 0.99% can also provide context on whether their tax burden is higher or lower than average.
Average Liberal Tax Bill
$1,085
Average Stevens County Tax Bill
$1,676
Average Kansas Tax Bill
$2,595
Average United States Tax Bill
$2,690
Property Tax Bills Across Liberal, Stevens County, Kansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 67901 | $404 | $544 | $1,085 | $2,234 | $2,668 |
Source: Ownwell