East Brookfield, Massachusetts Property Taxes
The median property tax rate in East 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 East Brookfield at $284,200, the typical annual property tax bill reaches $3,726, exceeding the national median of $2,690. Property taxes in East 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 East 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 East 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
East Brookfield, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$3,723
Ownwell’s East Brookfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Brookfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East 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 East Brookfield, Massachusetts
Property taxes in East Brookfield, Massachusetts, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Brookfield is 1.31%, higher than both the Massachusetts state median and the U.S. national median of 0.99%. Local government entities within East Brookfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, East 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 East Brookfield's effective property tax rate to other counties in Massachusetts and the national median. For comparison, the 01515 zip code has the highest median property tax rate of 1.31%, while the 01515 zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with East 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 East 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 East Brookfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01515 | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across East Brookfield, Massachusetts
In East 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 East 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 East Brookfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 01515 has the highest and lowest median tax bill, both at $3,726, with the median home price at $284,200.
Property Tax Assessment Values Across East Brookfield, Massachusetts
Source: Ownwell
$117,500
$415,400
$713,300
Average East Brookfield Assessed Value
$284,200
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 East Brookfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01515 | $208,040 | $238,350 | $284,200 | $363,750 | $447,040 |
Source: Ownwell
Property Tax Bills Across East Brookfield, Massachusetts
In East Brookfield, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the property's market value as determined by the local assessor. Several factors influence this value, including the property's location, size, and condition. Homeowners in East Brookfield can expect property tax bills to vary widely. For instance, the tax bill at the 25th percentile is $3,124, while at the 75th percentile, it reaches $4,768. The 90th percentile sees bills as high as $5,861. The median home price in East Brookfield is $284,200, and the median property tax bill is $3,726. This is significantly higher than the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average East Brookfield Tax Bill
$3,726
Average Worcester County Tax Bill
$5,153
Average Massachusetts Tax Bill
$5,844
Average United States Tax Bill
$2,690
Property Tax Bills Across East Brookfield, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01515 | $2,727 | $3,124 | $3,726 | $4,768 | $5,861 |
Source: Ownwell