How Much Will CPA Cost Homeowners?

How Much Will CPA Cost Homeowners?

Average Assessed Value of Residential Property in Shelburne is $313,168. The owner of property valued at this level would pay $93 into Shelburne's Community Preservation Fund annually.

Under Shelburne's CPA proposal, the first $100,000 of assessed property value is exempted from the surcharge. There are also low/moderate income exemptions. See below for details.

Here are some examples of the amount of the annual surcharge at various property assessed values:

$100,000 Property Value

Property Tax: $1,449; CPA Surcharge: $0.00

$200,000 Property Value

Property Tax: $2,898; CPA Surcharge: $43

$300,000 Property Value

Property Tax: $2,898; CPA Surcharge: $87

$400,000 Property Value

Property Tax: $5,788; CPA Surcharge: $130

$500,000 Property Value

Property Tax: $7,235; CPA Surcharge: $174

Low Income Household and Moderate Income Senior Exemptions

Low-income households (property owned and occupied by a non-senior) with incomes 80% or less of Franklin County Median Income are eligible to apply for exemption from the surcharge.

80% Income Limits for 2022: One Person: $52,750; Two Person: $60,250; Three Person: $67,800; Four Person: $75,300; Five Person: $81,350; Six Person: $87,350; Seven Person: $93,400; Eight Person: $99,400

Senior households (property owned and occupied by a senior 60 or older) with incomes 100% or less of Franklin County Median Income are eligible to apply for exemption from the surcharge.

100% Income Limits for 2022: One Person: $65,900; Two Person: $75,300; Three Person: $84,750; Four Person: $94,150; Five Person: $101,650; Six Person: $109,150; Seven Person: $116,750; Eight Person: $124,250