The debt exclusion question that just passed at town meeting is for 4 million dollars and it is on the ballot for state election. there was no 1.2 - 2-million-dollar debt exclusion question. I would suggest calling the assessor's office of Templeton at 978-894-2760 and ask what $1.00 on the tax rate raises and then ask how 4 million would increase current tax rate. Keep in mind there still needs to be a tax classification hearing in front of the select board and the tax recap sheet still needs to be approved by state DOR. Remember, the tax rate can go down while your tax bill can still go up, due in large part to the revaluation process and the greatest increase in valuations in Templeton have been residential real estate, mostly because that is where the most sales have been happening. Financial history shows over the past 10 years to date, the greatest increase in taxes has been residential, no matter what the percentage increase may have been in this revaluation year, which happens every 5 years now. Again, simply call the assessors before you are told the sky is falling and an override is coming with it
How much money did we spend in fy 24 from one time funds for budget support?
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If the TA is to be believed $1.00 should raise $1.062 million
I do agree that no $1.2-2million dollar debt exclusion has been mentioned, but an override of that exact figure has been discussed for months.
We need to adjust our tax rates!
Residential real estate taxes have seen increases over last 5-7 years, in some cases by 175% while Commercial values have dropped. Even businesses that sold are assessed significantly below sales price. Why are we pushing for more of these value laggards?
Will our tax rate be set by November 1?Just noticed the hearing was just posted for Nov 6th. Is that in compliance?
RTM
I heard the debt exclusion failed at the ballot. 👍🏻
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