North Brookfield, Massachusetts Property Taxes
The median property tax rate in North Brookfield, MA is 1.31%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in North Brookfield at $297,900, the typical annual property tax bill reaches $3,911, exceeding the national median of $2,690. Property taxes in North 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 North 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 North 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
North Brookfield, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$3,902
Ownwell’s North Brookfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Brookfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North 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 North Brookfield, Massachusetts
Property taxes in North Brookfield, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Brookfield is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Brookfield set these rates annually, and they can vary across different neighborhoods. Each year, North 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 North Brookfield's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the ZIP code 01535 has the highest median property tax rate of 1.31%, while the lowest median tax rate is also 1.31% in the same ZIP code. Understanding how these areas compare with North 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 North Brookfield Tax Rate
1.31%
Average Worcester County Tax Rate
1.43%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Brookfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01535 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across North Brookfield, Massachusetts
In North 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 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 North 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 North Brookfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 01535 in North Brookfield has both the highest and lowest median tax bills at $3,911.
Property Tax Assessment Values Across North Brookfield, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average North Brookfield Assessed Value
$297,900
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 North Brookfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01535 | $207,520 | $248,200 | $297,900 | $380,500 | $477,440 |
Source: Ownwell
Property Tax Bills Across North Brookfield, Massachusetts
In North Brookfield, Worcester County, MA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in North Brookfield is $297,900, which serves as a baseline for tax assessments. The tax bill is determined by multiplying the assessed value by the local tax rate, which varies by jurisdiction. Factors such as property size, location, and market conditions can influence the assessed value. Homeowners in North Brookfield experience a range in property tax bills. The 25th percentile tax bill is $3,259, while the 75th percentile tax bill reaches $4,996, and the 90th percentile tax bill climbs to $6,269. These figures indicate significant variability in tax obligations, reflecting differences in property values and assessments. Compared to the national median property tax rate of 0.99%, North Brookfield's tax bills can be relatively high, impacting homeowners' annual expenses and overall financial planning.
Average North Brookfield Tax Bill
$3,911
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across North Brookfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01535 | $2,725 | $3,259 | $3,911 | $4,996 | $6,269 |
Source: Ownwell