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Deputy assessor reports overlay balances rose as veteran and senior exemptions increased
Summary
Templeton’s deputy assessor reported the overlay account balance at $742,897.15, noted higher exemptions for disabled veterans and seniors driving increased overlay usage, and explained the town did not certify excess overlay for FY25.
The Select Board heard the fourth-quarter assessor’s report on July 23, which described tax-field activity, abatements, and overlay account movements as the town completed fiscal-year work and prepared for FY26 tax-rate setting.
Justice Graves, deputy assessor, told the Select Board the overlay account balance currently stands at $742,897.15 and that the board of assessors recommended adding between $130,000 and $145,000 to the overlay on the tax-rate recap subject to final adjustment during…
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