Brookline, Massachusetts Property Taxes
The median property tax rate in Brookline, MA is 1.00%, slightly higher than the national median of 0.99% but lower than the Massachusetts state median of 1.23%. With the median home value in Brookline at $948,800, the typical annual property tax bill reaches $9,454, significantly exceeding the national median of $2,690. Property taxes in Brookline are calculated based on the tax assessed value, which often 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%
Estimate Property Tax Bill
$9,488
$8,805
Ownwell’s Brookline Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating 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 1.00%, slightly higher than 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 areas in Norfolk County and the national median. For comparison, the zip code 02446 has the highest median property tax rate of 1.00%, while zip code 02445 has the lowest median tax rate of 1.00%. Understanding how these areas compare with Brookline provides valuable insights into the varying tax landscape across Norfolk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brookline Tax Rate
1.00%
Average Norfolk County Tax Rate
1.18%
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 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| 02446 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
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 Norfolk 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. The highest median tax bill in Brookline is $10,272 in zip code 02445, while the lowest is $9,065 in zip code 02446.
Property Tax Assessment Values Across Brookline, Massachusetts
Source: Ownwell
$363,800
$1,318,700
$2,273,600
Average Brookline Assessed Value
$948,800
Average Norfolk County Assessed Value
$592,100
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 | $481,540 | $642,150 | $1,031,150 | $1,953,875 | $2,819,300 |
| 02446 | $519,340 | $659,000 | $909,200 | $1,565,600 | $2,330,180 |
Source: Ownwell
Property Tax Bills Across Brookline, Massachusetts
In Brookline, Norfolk County, MA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Brookline's property tax rate is relatively high compared to the national median property tax rate of 0.99%. For homeowners, this means a significant portion of their annual expenses goes towards property taxes. For example, with a median home price of $948,800, property tax bills can range widely. The 25th percentile tax bill is around $6,492, while the 75th percentile tax bill reaches up to $17,574. At the 90th percentile, homeowners could see tax bills as high as $25,176. The highest median tax bill in Brookline is $10,272 in the 02445 zip code, while the lowest is $9,065 in the 02446 zip code. These factors collectively impact homeowners' financial planning and the overall cost of living in Brookline.
Average Brookline Tax Bill
$9,454
Average Norfolk County Tax Bill
$7,156
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 | $4,801 | $6,402 | $10,272 | $19,468 | $28,094 |
| 02446 | $5,177 | $6,570 | $9,065 | $15,609 | $23,232 |
Source: Ownwell