Brookfield, Chariton County, Missouri Property Taxes

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

Median Brookfield, MO effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the Missouri state median of 1.20%.
Median Brookfield, MO home value: $123,880
Median annual Brookfield, MO tax bill: $1,063, $1,337 lower than the national median property tax bill of $2,400.

How are property taxes in Chariton 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, Chariton County, Missouri Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$1,276

$1,184

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 Chariton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Brookfield, Chariton County, Missouri

Local government entities in Missouri set tax rates, which can vary widely within the state. This variability arises because each county annually estimates its required budget to provide essential services, dividing that amount by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. In Brookfield, located in Chariton County, the effective property tax rate is comparable to other cities in Missouri. The median property tax rate in Missouri is 1.03%, slightly higher than the national median of 1.02%. This positions Missouri’s property tax rates as competitive, yet slightly above the national average. Understanding these rates helps property owners in Brookfield make informed decisions, ensuring they are aware of how their tax dollars are utilized in comparison to both state and national standards.

Property Tax Rates Across Brookfield, Chariton County, Missouri

Source: Ownwell

1.01%

1.08%

1.16%

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

1.03%

Median Effective Chariton County Tax Rate

1.11%

Median Effective Missouri Tax Rate

1.20%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Brookfield, Chariton County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
64628	0.77%	0.92%	1.03%	1.14%	1.27%

Source: Ownwell

Property Tax Assessment Values Across Brookfield, Chariton 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 Chariton County Assessor's Office 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. Assessment notices: Chariton County sends assessment notices in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 $123,880, with tax bills ranging significantly across the county. Zip code 64628 has the highest median home price at $123,880.

Property Tax Assessment Values Across Brookfield, Chariton County, Missouri

Source: Ownwell

$57,895

$90,888

$123,880

Median Brookfield Market Value

$123,880

Median Chariton County Market Value

$35,335

Median Missouri Market Value

$129,505

Median United States Market Value

$235,294

Property Tax Assessment Values Across Brookfield, Chariton County, Missouri

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
64628	$43,588	$64,850	$123,880	$195,950	$238,520

Source: Ownwell

Property Tax Bills Across Brookfield, Chariton County, Missouri

In Brookfield, Chariton County, MO, property tax bills are determined by assessing a home's market value and applying the local tax rate. The median home price in the area is $123,880. The property tax bill varies, with the 25th percentile at $687 and the 75th percentile at $1,720, reflecting the differences in property values and tax rates. The 90th percentile tax bill reaches $2,734, indicating higher-value properties or different assessment factors. Compared to the national median property tax bill of $2,400, Brookfield's tax bills can be both lower and higher, depending on the specific property. Homeowners are affected by these taxes as they represent a significant portion of annual expenses. Ownwell can assist homeowners by appealing their property tax assessments and identifying potential exemptions, potentially reducing their tax burden. By leveraging local expertise and understanding the nuances of property tax assessments, Ownwell helps homeowners ensure they are not overpaying, providing peace of mind and financial savings.

Property Tax Bills Across Brookfield, Chariton County, Missouri

Source: Ownwell

$547

$805

$1,063

Median Brookfield Tax Bill

$1,063

Median Chariton County Tax Bill

$361

Median Missouri Tax Bill

$1,606

Median United States Tax Bill

$2,400

Property Tax Bills Across Brookfield, Chariton County, Missouri

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
64628	$484	$687	$1,063	$1,720	$2,734

Source: Ownwell