Liberty, Adams County, Illinois Property Taxes

Name: Property Tax Bills Across Liberty, Adams County, Illinois
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Liberty, IL effective property tax rate: 2.12%, significantly higher than the national median of 1.02%, but lower than the Illinois state median of 2.35%.
Median Liberty, IL home value: $52,440
Median annual Liberty, IL tax bill: $872, $1,528 lower than the national median property tax bill of $2,400.

How are property taxes in Adams calculated?

Property taxes in Liberty, IL are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Liberty’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Liberty, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Liberty, Adams County, Illinois Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.12%

Estimate Property Tax Bill

$1,112

$1,032

Ownwell’s Liberty Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Liberty with just two data points. By entering your property's estimated assessed value, our calculator applies Liberty’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Adams County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Liberty, Adams County, Illinois

Local government entities in Illinois set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Liberty, located in Adams County, the effective property tax rate reflects this process. Compared to the national median property tax rate of 1.02%, Illinois has a higher median property tax rate of 2.12%. This difference highlights the importance of understanding local tax rates and how they impact property owners. By comparing Liberty’s effective property tax rate to other cities in Illinois and the median property tax rates in Illinois and the U.S., property owners can gain valuable insights into their tax obligations. This knowledge is crucial for making informed decisions about property ownership and tax planning.

Property Tax Rates Across Liberty, Adams County, Illinois

Source: Ownwell

2.10%

2.31%

2.51%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Liberty Tax Rate

2.12%

Median Effective Adams County Tax Rate

2.23%

Median Effective Illinois Tax Rate

2.35%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Liberty, Adams County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
62347	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Liberty, Adams County, Illinois

When examining property taxes in Liberty, IL, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Adams County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Adams County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Liberty. For example, the median home price in Liberty is $52,440, with tax bills ranging significantly across the county. 62305 has the highest median home price at $149,400.

Property Tax Assessment Values Across Liberty, Adams County, Illinois

Source: Ownwell

$57,150

$104,745

$152,340

Median Liberty Market Value

$52,440

Median Adams County Market Value

$88,290

Median Illinois Market Value

$194,700

Median United States Market Value

$235,294

Property Tax Assessment Values Across Liberty, Adams County, Illinois

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
62347	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Liberty, Adams County, Illinois

In Liberty, Adams County, IL, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. With a median home price of $52,440, the property tax rate in this area can lead to varying tax bills. For instance, the 25th percentile tax bill is $640, while the 75th and 90th percentiles are $1,494 and $2,345, respectively. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Factors such as local government budgets and school district funding needs also influence the final tax amount.

Ownwell offers valuable assistance to homeowners in Liberty by providing property tax appeal and exemption services. By analyzing the assessed value and comparing it to similar properties, Ownwell can identify discrepancies and potential overassessments. This can lead to significant savings on property tax bills, ensuring homeowners in Liberty pay only their fair share. With expert guidance, homeowners can navigate the complexities of property taxes with confidence.

Property Tax Bills Across Liberty, Adams County, Illinois

Source: Ownwell

$1,415

$2,301

$3,186

Median Liberty Tax Bill

$872

Median Adams County Tax Bill

$1,937

Median Illinois Tax Bill

$4,715

Median United States Tax Bill

$2,400

Property Tax Bills Across Liberty, Adams County, Illinois

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
62347	N/A	N/A	N/A	N/A	N/A

Source: Ownwell