Liberty Hill, Texas Property Taxes
The median property tax rate in Liberty Hill, TX is 0.95%, which is slightly lower than the national median of 0.99% but significantly below Texas's state median of 1.67%. With a median home value of $642,212, the typical annual property tax bill in Liberty Hill reaches $6,475, far exceeding the national median of $2,690. Property taxes in Liberty Hill are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Liberty Hill'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 Hill 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 Hill, Texas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$6,101
$5,662
$1,148
Average Tax Savings
Ownwell’s Liberty Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Liberty Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Liberty Hill 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 Hill. 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 Hill, Texas
Property taxes in Liberty Hill, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Liberty Hill is 0.95%, which is lower than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Liberty Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liberty Hill 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 Hill's effective property tax rate to other counties in Texas and the national median. For comparison, the 78642 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these cities compare with Liberty Hill provides valuable insights into the varying tax landscape across Burnet County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Liberty Hill Tax Rate
0.95%
Average Burnet County Tax Rate
1.20%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liberty Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78642 | 0.54% | 0.69% | 0.95% | 1.11% | 1.32% |
Source: Ownwell
$1,148
Average Liberty Hill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Liberty Hill, Texas
In Liberty Hill, 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 Burnet 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 Hill, 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 Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 78642, with a median tax bill of $6,475.
Property Tax Assessment Values Across Liberty Hill, Texas
Source: Ownwell
$234,087
$2,085,359
$3,936,630
Average Liberty Hill Assessed Value
$642,212
Average Burnet County Assessed Value
$355,573
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Liberty Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78642 | $45,769 | $303,762 | $642,212 | $794,718 | $897,696 |
Source: Ownwell
$1,148
Average Liberty Hill Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Liberty Hill, Texas
In Liberty Hill, Burnet County, TX, property tax bills are calculated based on the assessed value of your home, which is determined by the local appraisal district. With a median home price of $642,212, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. The tax bill in Liberty Hill ranges significantly, with the 25th percentile at $2,150 and the 75th percentile at $8,594, while the 90th percentile reaches $10,752. Factors such as property size, location, and improvements can influence the assessed value, directly impacting the tax bill. Compared to the national median property tax rate of 0.99%, Liberty Hill homeowners might find their tax burdens higher or lower depending on these variables. Ownwell can assist homeowners in Liberty Hill by providing expert property tax appeal and exemption services. By reviewing your property's assessed value and identifying potential inaccuracies or overvaluations, Ownwell can help reduce your tax burden, ensuring you pay only your fair share.
Average Liberty Hill Tax Bill
$6,475
Average Burnet County Tax Bill
$4,017
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Liberty Hill, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78642 | $1,331 | $2,150 | $6,475 | $8,594 | $10,752 |
Source: Ownwell
$1,148
Average Liberty Hill 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 | |
|---|---|
| Burnet Appraisal District | |
| Website | esearch.burnet-cad.org |
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