Liberty is an unincorporated community located in Milam County, Texas, United States. According to the Handbook of Texas, the community had a population of 40 in 1990.

Liberty had a Methodist church sometime before the Civil War. The 1941 county highway map showed the church and a few scattered houses in the community. Its population was 40 in 1990.

Liberty is located on Farm to Market Road 3242, 5 mi (8.0 km) north of Milano in east-central Milam County.

In 1903, Liberty had a school with one teacher and 59 students. It joined the Milano Independent School District in 1931, even though a school was featured on the 1941 county highway map.