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The Community Preservation Act (CPA) is a tool to help communities preserve open space, historic sites, create affordable housing and recreational facilities. Wayland voted to adopt the CPA tax in 2002 and it is still in effect.
- Town legislature appoints a committee of local people to draw up plans for use of the funds.
- These plans are subject to local comment and approval.
- If residents do not feel that the CPA is working as they expected, there can be a vote to repeal it.
- There are CPA exemptions available for residents meeting specific criteria. Please see the Assessor's Office for details.
CPA Calculation:
The CPA surcharge is added to each Real Estate Tax bill. The tax is calculated as follows:
- Reduce the assessed value by $100,000
- Multiply the reduced value by the current tax rate
- Multiply the recalculated tax by 1.5%
Example: $600,000 less $100,000 = $500,000 x .01778 (rate of 17.78) = $8890 x 1.5% = $133.35 CPA tax
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