Brookfield, Connecticut Property Taxes
The median property tax rate in Brookfield, CT is 2.69%, considerably higher than both the national median of 0.99% and the Connecticut state median of 3.14%. With the median home value in Brookfield at $279,795, the typical annual property tax bill reaches $7,506, 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, Connecticut Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.69%
Estimate Property Tax Bill
$7,526
$6,984
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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brookfield, Connecticut
Property taxes in Brookfield, Connecticut, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brookfield is 2.69%, significantly higher than both the Connecticut 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 counties in Connecticut and the national median. For comparison, the 06804 zip code has the highest median property tax rate of 2.69%, while the same zip code also has the lowest median tax rate of 2.69%. Understanding how these cities compare with Brookfield provides valuable insights into the varying tax landscape across Fairfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookfield Tax Rate
2.69%
Average Fairfield County Tax Rate
2.52%
Average Connecticut Tax Rate
3.14%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brookfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06804 | 2.69% | 2.69% | 2.69% | 2.69% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Brookfield, Connecticut
In Brookfield, Connecticut, 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 Fairfield 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 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. The median property tax bill in Brookfield is $7,506, with zip code 06804 having both the highest and lowest median tax bill.
Property Tax Assessment Values Across Brookfield, Connecticut
Source: Ownwell
$44,380
$583,940
$1,123,500
Average Brookfield Assessed Value
$279,795
Average Fairfield County Assessed Value
$310,800
Average Connecticut Assessed Value
$189,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brookfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06804 | $140,566 | $228,058 | $279,795 | $356,562 | $469,351 |
Source: Ownwell
Property Tax Bills Across Brookfield, Connecticut
In Brookfield, Fairfield County, CT, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, which in Brookfield can be influenced by factors such as location, property size, and recent sales of comparable homes. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Brookfield face property tax bills that vary significantly. For instance, the tax bill at the 25th percentile is $6,114, while at the 75th percentile, it rises to $9,569, and at the 90th percentile, it can reach up to $12,604. The median home price in Brookfield is $279,795, which, when combined with the local tax rate, results in a median tax bill of $7,506. This is notably higher than the national median property tax rate of 0.99%, reflecting the region's higher-than-average property values and tax rates. Consequently, homeowners must budget accordingly to accommodate these expenses.
Average Brookfield Tax Bill
$7,506
Average Fairfield County Tax Bill
$8,346
Average Connecticut Tax Bill
$6,162
Average United States Tax Bill
$2,690
Property Tax Bills Across Brookfield, Connecticut
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 06804 | $3,776 | $6,114 | $7,506 | $9,569 | $12,604 |
Source: Ownwell