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1. What are the income limits for the Low Income & Senior Low / Moderate income CPA exemptions for Tewksbury?

View HUD Worksheet. 

2. How much will a typical homeowner pay as a CPA Surcharge?

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.

3. Is the CPA surcharge, paid as part of Real Estate taxes for property owners, tax deductible on Federal Tax returns?

According to the Community Preservation Coalition, the CPA surcharge would be treated the same as any other property tax and is deductible to the extent that any property taxes are. Yes, it is deductible.