COMMUNITY PRESERVATION ACT
Established under M.G.L. c. 44B, the Community Preservation Act (CPA) allows Massachusetts cities and towns to raise funds through a surcharge on local real estate taxes. These funds can be used to:
- acquire, create and preserve open space;
- acquire, preserve, rehabilitate or restore historic resources;
- acquire, create, preserve and support community housing; and
- acquire and preserve land for recreational use.
ADOPTION
In the General Election of 2012, Canton residents voted to adopt the CPA with
a 1% surcharge on all real estate property tax bills with two exemptions:
- residential property owned and occupied by any person who qualifies for low- income housing, or low- or moderate-income senior housing, and
- the first $100,000 of taxable value of all residential real property.
At the 2014 Annual Town Meeting, voters approved to extend the $100,000 tax exemption to commercial and industrial property owners.
Is our Project Eligible? Click here to view a summary of the MA Department of Revenue's Allowable Uses Chart.
