How is the CPA surcharge calculated?
The following hypothetical example illustrates the calculation of the 1% surcharge for a residential property (showing the $100,000 exemption):

Assessed value: $300,000
Less residential exemption $100,000
CPA taxable value: $200,000
x Tax Rate: 10.00
Net Tax: $2,000.00
x 1% .01
Annual CPA Surcharge $ 20.00

The surcharge for commercial & industrial properties is calculated in the same manner but those properties do not receive the benefit of the $100,000 value reduction which is applied to all Class 1 residential properties.

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1. When are the tax bills issued and payments due?
2. What if I do not agree with my assessment?
3. What if, after the bill is issued, I still do not agree with my assessment?
4. What is a revaluation?
5. Why is a revaluation necessary?
6. Will all property values change?
7. Is it necessary that you view the inside of my property?
8. What is market value?
9. What if there hasn't been a recent arm's length sale of my property?
10. What if there are no reasonably comparable sales?
11. Will the actual construction cost be considered?
12. What will happen to my assessment if I improve my property?
13. Will my assessment go up if I repair my property?
14. How can my assessment change when I haven't done anything to my property?
15. What evidence do I need to present to the Board of Assessors when filing for an abatement?
16. Why does my assessment value differ from my bank appraisal?
17. How will my taxes change as a result of the new assessment?
18. Who must pay the CPA surcharge?
19. How is the CPA surcharge calculated?
20. Are there exemptions to the CPA?
21. How do I apply for a CPA exemption?