THE COMMITTEE

* Marilee Kenney
   Hunt - Chairman

* Peter Colombotos
  ViceChair/Secretary

* Robert Vazza -
   Treasurer
 

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Financial Information
 
 
 
 

Impact on Property Owner, per year
  
                                                  (Town Median)

Assessed value $200,000 $278,172 $300,000 $400,000
Minus $100,000 exemption $100,000 $100,000 $100,000 $100,000
Net House Value Surcharged $100,000 $178,172 $200,000 $300,000
Property tax rate (per $1,000) $11.33 $11.33 $11.33 $11.33
 
Amount subject to surcharge $1,133 $2,019 $2,266 $3,399
Surcharge rate 2% 2% 2% 2%
         
Annual cost to homeowner $22.66 $40.37 $45.32 $67.98

         

 
Determining the Low/Moderate Income Exemption
(Individuals who qualify are completely exempt from the CPA surcharge)
 
Property owned by Senior
 (over 60)		   Property owned by Non-Senior (under 60)
Household Size Annual Income Limit   Household Size Annual Income Limit
1 $ 51,030   1 $ 40,824
2 $ 58,320   2 $ 46,656
3 $ 65,610   3 $ 52,488
4 $ 72,900   4 $ 58,320
5 $ 78,732   5 $ 62,986
6 $ 84,564   6 $ 67,651
7

$ 90,396

  

7

$ 72,317

  

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