TOWN OF TEMPLETON
LEGAL NOTICE
NOTICE TO TAXPAYERS: PUBLIC DISCLOSURE OF TAX VALUATIONS
In accordance with M.G.L. Chapter 40, Section 56, the Board of Assessors has completed a comprehensive reassessment for all classes of real property and personal property for the town of Templeton for Fiscal Year 2025 in compliance with the recertification. Templeton has received preliminary certification on the values from the Department of Revenue. The Public Disclosure period will be available to the public from Tuesday, 09/24/2024, to Tuesday, 10/01/2024.
Real estate sales in the town of Templeton from January 1, 2022, to December 31, 2023, were used for the analysis. Assessments are at full and fair cash value in accordance with M.G.L. Chapter 59, Section 38. On average, single-family homes, class 101, increased in value by 6.2%, condominiums, class 10, increased by approximately 14%, apartments, classes 111-125, increased by 31% on average. The commercial class increased by approximately 9.6% and the industrial class by 11.3%. Individual parcel valuations may vary from the average class increase due to typical differences, data updates and corrections, new construction, and the effect of market trends for specific characteristics. Questions may be addressed to Justice Graves, Deputy Assessor at 978-894-2760.
The proposed Fiscal Year 2025 valuations will be available for taxpayers’ review on the homepage of the town website at Templetonma.gov and in the Assessor’s Office, 160 Patriots Road, East Templeton during the following days and times:
Tuesday, Wednesday, Thursday, September 24-26, 2024 7:30 a.m. to 4:30 p.m.
Monday, September 30, 2024 7:30 a.m. to 6:30 p.m.
Tuesday, October 1, 2024 7:30 a.m. to 4:30 p.m.
Looks to me like commercially zoned property is a tax lagard. The taxes have not increased in 5 years on these properties due to lack of sales, but during Revaluation only increase 3.5% more than residential which has increased every single year for the past 5 years.
ReplyDeleteWe need 2 tax rates!
People who make money off property should pay a higher fee than residents. Look at commercial property in town. Some valuations are lower than in 2017 and the 9,6% doesn't get them back to 2017 values.....C'mon now, is that fair taxation?