Friday, March 6, 2026

 So people, feelings on being asked for a 3-million-dollar override - increase in real estate taxes?


Using rounded numbers, every $1 increase in the tax rate adds roughly $1.1m in revenue. Adding $3 to the tax rate would add an additional $3.3m to the overall annual budget.
As an example of what this means, if a property was valued at $400k, the $3 increase would result in a $1,200 increase in that property's annual tax bill ($300 per quarterly billing).

Remember also that for the first year of an override , the additional money has to go to the stated purpose, then in following years, those extra dollars just get added to the pile on the table and can go towards anything. Roads in Templeton are much the same in other towns, terrible and even when paved, the important parts are left undone, drainage, water main, sidewalks, etc.