Brookline, Massachusetts Property Taxes
The median property tax rate in Brookline, MA is 1.07%, which is considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Brookline at $1,245,550, the typical annual property tax bill reaches $13,377, exceeding the national median of $2,690. Property taxes in Brookline 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 Brookline'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 Brookline 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
Brookline, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$13,327
Ownwell’s Brookline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brookline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brookline 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brookline, Massachusetts
Property taxes in Brookline, Massachusetts, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookline is 1.07%, higher than both the Massachusetts state median of 1.23% and the U.S. national median of 0.99%. Local government entities within Brookline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brookline 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 Brookline's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 02445 zip code has the highest median property tax rate of 1.07%, while the 02446 zip code has the lowest median tax rate of 1.07%. Understanding how these cities compare with Brookline provides valuable insights into the varying tax landscape across Suffolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookline Tax Rate
1.07%
Average Suffolk County Tax Rate
1.07%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookline, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02445 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
| 02446 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Brookline, Massachusetts
In Brookline, 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 Suffolk 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 Brookline, 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 Brookline helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Brookline is $17,864 in zip code 02445, while the lowest median tax bill is $12,326 in zip code 02446. This variation highlights the importance of understanding your specific property’s assessed value and market value.
Property Tax Assessment Values Across Brookline, Massachusetts
Source: Ownwell
$84,600
$1,690,350
$3,296,100
Average Brookline Assessed Value
$1,245,550
Average Suffolk County Assessed Value
$641,300
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookline, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02445 | $541,380 | $962,100 | $1,663,300 | $1,907,050 | $2,053,300 |
| 02446 | $889,140 | $986,100 | $1,147,700 | $1,309,300 | $1,406,260 |
Source: Ownwell
Property Tax Bills Across Brookline, Massachusetts
In Brookline, Suffolk County, MA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the town’s assessor, who evaluates the property’s market value. This value is then multiplied by the tax rate set by the local government to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For instance, homes in the 02445 zip code have the highest median tax bill at $17,864, while those in the 02446 zip code have a lower median tax bill of $12,326. Homeowners in Brookline can expect their tax bills to vary significantly, with the 25th percentile at $9,380 and the 75th percentile at $17,347. The top 10% of tax bills can go as high as $20,482. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, thereby directly impacting the quality of life for residents.
Average Brookline Tax Bill
$13,377
Average Suffolk County Tax Bill
$6,836
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookline, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02445 | $5,814 | $10,333 | $17,864 | $20,482 | $22,053 |
| 02446 | $9,549 | $10,590 | $12,326 | $14,062 | $15,103 |
Source: Ownwell