Taxes & Insurance in Brookline
Brookline's FY2026 property tax runs under a real, classified split-rate system with a substantial residential exemption, layered onto Massachusetts's statewide income, sales, and homeowners-insurance picture.
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Learn moreA classified rate, softened by a real residential exemption
Brookline's FY2026 residential rate is $10.24 per $1,000 assessed value (commercial property is taxed separately at $17.16/1000, residential factor 0.925449). Brookline's residential exemption deducts $354,974 from an owner-occupied home's assessed value before the rate applies, saving a qualifying owner-occupant roughly $3,635/year -- confirm current eligibility and filing deadlines directly with Brookline's Assessor's Office.
Massachusetts's flat 5% income tax, plus the millionaires surtax
Massachusetts's real flat 5% state income tax applies statewide, with an additional 4% surtax on taxable income above $1,107,750 (a combined effective 9% top rate) -- see this project's Massachusetts state hub record for the full disclosure, including the separate, currently undecided 2026 ballot initiative to cut the flat rate to 4%.
No Brookline-specific homeowners-insurance figure identified this session
This research pass did not find Brookline-specific homeowners-insurance premium data distinct from Massachusetts's own real, disclosed statewide spread ($1,226-$2,634/year depending on source and coverage). Given Brookline's severely high home values, expect quotes toward the higher end of that range or above it -- confirm current, address-specific quotes directly with a carrier.
Key takeaways
- Brookline's FY2026 residential rate ($10.24/1000) comes with a real $354,974 residential exemption, saving qualifying owner-occupants roughly $3,635/year.
- Massachusetts's flat 5% income tax (plus a 4% surtax above $1,107,750) and 6.25% sales tax apply statewide, including in Brookline.
- No Brookline-specific insurance premium figure was found this session -- expect the higher end of Massachusetts's statewide range given Brookline's high home values.
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