Where the money comes from.

There are 224 exempt properties in Templeton that pay no property taxes. They belong to another city, the town or the state, etc. The total worth is $69,518,650.00. Templeton collects no property tax for these and will not because of the rules/law etc.

According to the Board of Assessors, $1.00 per thousand now raises $597,739.00. If you double that, as in $2.00 per thousand, you will find it raises a little less than 1.2 million dollars, so can anyone tell me how $1.74 was/is going to raise 1.4 million dollars to make a loan payment for a new school - 24 million for 28 years at 3.5% = a 1.4 million per year loan payment. How would that work when $2.00 per thousand does not even do it? But you were told that a $1.74 would do it. Were you told the truth? Were you duped? Contact selectmen Brooks and ask her!

posted by Jeff Bennett