THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING
< Back to front page Text size +

Property taxes going up in Brookline

Posted by Brock Parker  December 10, 2013 11:50 PM

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article

Brookline's property tax rates are going down, but most homeowners can still expect their tax bills to go up.

Selectmen Tuesday voted in favor of setting the residential tax rate at $11.39 for Fiscal Year 2014, down from a rate of $11.65 per thousand dollars of value in Fiscal Year 2013. The commercial tax will also decrease from $18.97 to $18.50.

But because property values have been appreciating in Brookline, most residents can still expect their taxes to increase.

The median single family home in Brookline is now valued at $1,114,000, which is up from $1,071,750 last year. Almost 90 percent of single family homeowners qualify for a residential exemption, but they can still expect their tax bills to increase by about $163, according to the town’s Assessors Department.

Taxes on the median condo valued at $447,000 will increase by about $138 for owners that do not qualify for a residential exemption.

Property taxes on the median commercial property valued at about $1,171,800 would increase by about $1,084.

E-mail this article

Invalid E-mail address
Invalid E-mail address

Sending your article