On your Real Estate Tax Bill this quarter you may notice a Community Preservation Act surcharge.
- Frequently Asked Questions
What is the Community Preservation Act?
The Community Preservation Act (CPA) is a smart growth tool that helps communities preserve open space and historic sites, create affordable housing and develop outdoor recreational facilities. Monies generated by this surcharge go into a dedicated fund and can only be used for these stated purposes. Franklin residents voted to approve a 2% CPA tax surcharge in November of 2020, effective for July 1, 2021 (Fiscal Year 2022).
How often will I see this charge?
The 2% CPA surcharge will be added to all four quarters of your Real Estate Tax Bills.
Will the amount change when the Actual Real Estate Tax Bills are issued in January?
Yes, but the amount you see is an estimate based on the prior year’s tax assessment.
Who Decides How the Money Is Spent?
By state statute, the Franklin Town Council recently created a Community Preservation Committee (CPC). These dedicated resident-volunteers hold meetings and consider projects brought before them by the Community. They not only consider whether these projects qualify for CPA funding under the law but how proposals will benefit the community’s unique circumstances. If approved, projects are brought before the Town Council for appropriation.
Shared from the Town of Franklin Newsletter for June 2021
Notes from the Community Preservation Committee meetings
(Next meeting is scheduled for June 15, 2021)
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| Important Notice to Franklin Taxpayers - Community Preservation Act surcharge |
