The Facts
The 2008 Gloucester real estate tax rate - $9.10 per $1,000 of assessed value.
The CPA surcharge is 1% of the real estate tax NOT an additional 1% of assessed value of the property.
Based on the latest projections, Gloucester would raise $422,176 per year from the surcharge alone. In addition, the City would receive matching State funds and Gloucester would be able to leverage this money for the purpose of receiving additional Federal and State grants for CPA-approved projects.
| Assessed Value | $200k | $300k | $400k | $500k | $600k | $700k | $800k | $900k | $1M |
| Less $100,000 exception | $100k | $200k | $300k | $400k | $500k | $600k | $700k | $800k | $900k |
| Annual CPA Surcharge | $9.00 | $18.00 | $27.00 | $36.00 | $45.50 | $54.60 | $63.70 | $72.80 | $81.90 |
Elderly and Low-Moderate Income Families |
---------- Exempt ---------- Exempt ---------- Exempt ---------- Exempt ---------- | ||||||||
Community Preservation Act Alliance
Sandy Dahl Ronan, Chairperson
Kathy Leahy, Treasurer
J.J. Bell, Media Contact