What is the CPA surcharge and how is it calculated?
The Community Preservation Act establishes a special fund with dedicated revenues to provide communities with additional financial resources to expand their open space, historic, recreational and community housing needs. The funds for this local option are derived from a 1% tax surcharge less a $100,000 value exemption on all residential property in Southborough. This act was adopted by Southborough voters on May 12, 2003.
