For example, as of this writing in 2012, if the average home assessed value is $320,000 and at the current residential tax rate is $14.93 per $1000 of value in Tewksbury, the following illustrates the CPA surcharge that would be paid by an average homeowner.
Starting with the home value example - $320,000
Deduct the first 100K exemption - $100,000
Yield - $220,000
$220,000 times the tax rate of $14.93/1000 = $3,284.60
$3,284.60 times 1.5% CPA surcharge = $49.27 per year CPA Surcharge
Note: This information is subject to change over time. For direction to more specific information, please contact the Tewksbury Office of Community Development, 978-640-4370.