Property taxes will increase by about $346 on the median-priced single family home in Brookline after selectmen voted to raise the tax rate Tuesday.
The board voted to increase the tax rate from $11.40 to $11.65 per $1,000 of assessed value. That will increase the property taxes by 3.4 percent for the owner of the median single-family home in Brookline who qualifies for the town’s occupancy residential exemption, according to Gary McCabe, Brookline’s chief assessor. Most single family homeowners in the town qualify for the exemption.
The median value of a single family home in the town is now $1,071,750. Selectmen also voted to raise the commercial tax rate from $18.58 to $18.97, which would raise taxes on the median commercial property by $1,116 a year.