Brookfield, Linn County, Missouri Property Taxes

Name: Property Tax Bills Across Brookfield, Linn County, Missouri
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Brookfield, MO effective property tax rate: 1.18%, slightly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Brookfield, MO home value: $9,900
Median annual Brookfield, MO tax bill: $147, $2,253 lower than the national median property tax bill of $2,400.

How are property taxes in Linn County calculated?

Property taxes in Brookfield, MO are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Brookfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Brookfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Brookfield, Linn County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.18%

Estimate Property Tax Bill

$117

$108

Ownwell’s Brookfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brookfield with just two data points. By entering your property's estimated assessed value, our calculator applies Brookfield’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value, determined by your county, reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Linn County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Brookfield, Linn County, Missouri

Local government entities determine tax rates, resulting in significant variations within a state. Each county annually estimates its required budget to fund essential services and divides this by the total value of all taxable property in its jurisdiction, leading to the property tax rate. This process, influenced by votes and legislation, is the crux of annual tax rate determination. In Brookfield, located in Linn County, Missouri, the effective property tax rate is 1.18%, which is above the national median of 1.02%. This rate is consistent with the highest and lowest rates in the state, indicating uniformity in this region. Missouri's median property tax rate also stands at 1.18%, slightly higher than the national average. Property owners in Brookfield might find their tax obligations more demanding compared to the national level. While the local rate aligns with Missouri's median, understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Brookfield, Linn County, Missouri

Source: Ownwell

0.84%

1.03%

1.21%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Brookfield Tax Rate

1.18%

Median Effective Linn County Tax Rate

1.13%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brookfield, Linn County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64628	0.77%	0.97%	1.18%	1.19%	1.22%

Source: Ownwell

Property Tax Assessment Values Across Brookfield, Linn County, Missouri

When examining property taxes in Brookfield, MO, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Linn County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Linn County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Brookfield. For example, the median home price in Brookfield is $9,900, with tax bills ranging significantly across the county. ZIP code 64628 has the highest median home price at $9,900.

Property Tax Assessment Values Across Brookfield, Linn County, Missouri

Source: Ownwell

$9,900

$40,150

$70,400

Median Brookfield Market Value

$9,900

Median Linn County Market Value

$25,200

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brookfield, Linn County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64628	$2,600	$3,900	$9,900	$57,250	$121,100

Source: Ownwell

Property Tax Bills Across Brookfield, Linn County, Missouri

In Brookfield, Missouri, property tax bills are determined by the assessed value of a home, which is a percentage of its market value, multiplied by the local tax rate. With a median home price of $9,900, homeowners in Brookfield experience property tax bills that range from $46 at the 25th percentile to $1,384 at the 90th percentile. This variation highlights the impact of different assessed values and tax rates on individual tax bills. The highest and lowest median tax bills both stand at $147, reflecting consistent property valuations within certain areas of the city. Compared to the national median property tax bill of $2,400, Brookfield's rates are significantly lower, providing some relief to homeowners. However, even with lower rates, ensuring that your property is accurately assessed is crucial to avoid overpaying. Ownwell assists homeowners by reviewing assessments and identifying potential savings through appeals and exemptions, ensuring that property tax bills are fair and manageable.

Property Tax Bills Across Brookfield, Linn County, Missouri

Source: Ownwell

$112

$435

$757

Median Brookfield Tax Bill

$147

Median Linn County Tax Bill

$264

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Brookfield, Linn County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64628	$30	$46	$147	$657	$1,384

Source: Ownwell