Selectmen to Discuss Possibly Increasing CPA Surcharge from 2% to 3%

The Hamilton Board of Selectmen plan to have a conversation at its Monday night meeting with Tom Catalano, chairman of the Community Preservation Committee, about increasing the CPA surcharge from 2 percent to 3 percent.

Community Preservation Act

The Community Preservation Act (CPA) allows a community to adopt a property tax surcharge of up to 3 percent, which is also matched by state government money. The money is used to acquire, create and preserve open space; acquire, create, preserve and rehabilitate recreational land; acquire, preserve and rehabilitate historic resources and cquire, create, preserve, rehabilitate and support community housing.

The CPA has been on the books in Massachusetts since 2000 and was enacted in Hamilton in May 2005. There is a 2 percent surcharge on real estate taxes for all residences and businesses, with the first $100,000 of residential property value exempted, plus exemptions for property owned and occupied by any person who qualifies for low income housing or low or moderate income senior housing.

Monday night’s discussion will be about increasing the surcharge from 2 percent to 3 percent.

To date, more than $2.6 million in CPA money has gone toward more than 70 different projects in Hamilton.

A complete copy of the Board of Selectmen agenda for Monday, Sept. 21 can be found here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s