The determination of an estimate of the full and fair cash value (FFCV) of all property in the Commonwealth as of a certain taxable date. EQVs have historically been used as a variable in distributing some state aid accounts and for determining county assessments and other costs. The Commissioner of Revenue, in accordance with MGL Ch. 58 §10C, is charged with the responsibility of biannually determining an equalized valuation for each city and town in the Commonwealth.
Through a statistical analysis, the levels of assessment were determined for each of the major classes of property and then the estimated full and fair cash value was derived. To this was added a projected new construction value developed through a review of the past four years' new growth and the Urban Redevelopment Corporation numbers (MGL, Ch.121A). The resulting final figures for your municipality appear on the Form LA-19 appearing in the list below.
from the Ma division of local service website, on a document dated July 20, 2016, the proposed equalized valuation for Templeton, Ma is $590,377,600.00. You can find this and past tax recap documents on the website DLS under the gateway icon to the right of the page. You can go back a number of years and see what the estimated then actual new growth and vehicle excise tax for Templeton. You do not have to take my word or the selectmen's word for it, you can go see and print it out if you wish. You can "trust but verify" on your own now. I encourage you to do so.
posted by Jeff Bennett
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