Brockton, Massachusetts Property Taxes
The median property tax rate in Brockton, MA is 1.30%, considerably higher than both the national median of 0.99% and the Massachusetts state median of 1.23%. With the median home value in Brockton, the typical annual property tax bill reaches $4,936, exceeding the national median of $2,690. Property taxes in Brockton 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 Brockton'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 Brockton 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
Brockton, Massachusetts Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,460
Ownwell’s Brockton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brockton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brockton to provide an accurate estimate of your property tax bill. This valuable tool offers insight into potential tax liabilities, helping you plan your finances better. For those interested in more detailed trends at a neighborhood level, scroll down for localized information. Your property’s assessed value is determined by Plymouth County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Brockton, Massachusetts
Property taxes in Brockton, Massachusetts, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brockton is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brockton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brockton 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 Brockton's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the zip code 02302 has the highest median property tax rate of 1.30%, while zip code 02303 has the lowest median tax rate of 1.30%. Understanding how these areas compare with Brockton provides valuable insights into the varying tax landscape across Plymouth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brockton Tax Rate
1.30%
Average Plymouth County Tax Rate
1.30%
Average Massachusetts Tax Rate
1.23%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brockton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02301 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
| 02302 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
| 02303 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Brockton, Massachusetts
In Brockton, 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 Plymouth 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 Brockton, 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 Brockton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Brockton is $5,143 in the 02301 zip code, while the lowest is $3,796 in the 02303 zip code.
Property Tax Assessment Values Across Brockton, Massachusetts
Source: Ownwell
$292,450
$663,075
$1,033,700
Average Brockton Assessed Value
$380,300
Average Plymouth County Assessed Value
$476,400
Average Massachusetts Assessed Value
$492,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brockton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02301 | $230,700 | $343,900 | $396,200 | $473,900 | $581,900 |
| 02302 | $313,100 | $339,800 | $365,600 | $414,675 | $486,480 |
| 02303 | $220,170 | $254,775 | $292,450 | $326,775 | $355,350 |
Source: Ownwell
Property Tax Bills Across Brockton, Massachusetts
In Brockton, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value reflects the market value of the property, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Brockton face varying tax bills, with the 25th percentile at $4,427 and the 75th percentile at $5,842. For those in the 90th percentile, tax bills can reach up to $7,088. The median home price in Brockton is $380,300, and the highest median tax bill in the area is $5,143, found in the 02301 zip code. Conversely, the lowest median tax bill is $3,796 in the 02303 zip code. These property taxes significantly impact homeowners, affecting their overall housing costs and potentially influencing decisions about buying or selling property. Compared to the national median property tax rate of 0.99%, Brockton’s rates reflect the local economic conditions and municipal budget requirements.
Average Brockton Tax Bill
$4,936
Average Plymouth County Tax Bill
$6,149
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across Brockton, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 02301 | $2,994 | $4,464 | $5,143 | $6,151 | $7,553 |
| 02302 | $4,064 | $4,411 | $4,745 | $5,383 | $6,315 |
| 02303 | $2,858 | $3,307 | $3,796 | $4,241 | $4,612 |
Source: Ownwell