Brookfield, Massachusetts Property Taxes
The median property tax rate in Brookfield, MA is 1.60%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Brookfield at $286,100, the typical annual property tax bill reaches $4,572, exceeding the national median of $2,690. Property taxes in Brookfield 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 Brookfield'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 Brookfield 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
Brookfield, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$4,578
Ownwell’s Brookfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brookfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brookfield 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 Worcester County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brookfield, Massachusetts
Property taxes in Brookfield, Massachusetts, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Brookfield is 1.60%, significantly higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within Brookfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookfield 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 Brookfield's effective property tax rate to other areas in Worcester County and the national median. For comparison, the 01506 zip code has the highest median property tax rate of 1.60%, while the 01506 zip code also has the lowest median tax rate of 1.60%. Understanding how these areas compare with Brookfield provides valuable insights into the varying tax landscape across Worcester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookfield Tax Rate
1.60%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01506 | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Brookfield, Massachusetts
In Brookfield, Massachusetts, 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 Worcester County Assessor's Office 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 Brookfield, 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 Brookfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Brookfield's median home price stands at $286,100, with tax bills ranging from $3,500 to $7,353, depending on the property's assessed value.
Property Tax Assessment Values Across Brookfield, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average Brookfield Assessed Value
$286,100
Average Worcester County Assessed Value
$360,000
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01506 | $179,400 | $219,050 | $286,100 | $367,100 | $460,150 |
Source: Ownwell
Property Tax Bills Across Brookfield, Massachusetts
In Brookfield, located in Worcester County, MA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $286,100, homeowners can expect varying tax bills depending on the assessment and applicable exemptions. The 25th percentile tax bill in Brookfield is approximately $3,500, while those in the 75th percentile pay around $5,866. The highest tax bills, in the 90th percentile, can reach up to $7,353. Several factors influence these tax bills, including the property's assessed value, any exemptions the homeowner might qualify for, and the local tax rate. Compared to the national median property tax rate of 0.99%, Brookfield's rates might seem higher, but they reflect the community's specific funding needs for public services and infrastructure. For homeowners, these tax bills represent a significant annual expense, affecting their overall cost of living and financial planning.
Average Brookfield Tax Bill
$4,572
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01506 | $2,866 | $3,500 | $4,572 | $5,866 | $7,353 |
Source: Ownwell