Middleboro collects a 1% surcharge on property taxes. This amounts to about $200K per yer. The state of Massachusetts matches that money with fees collected at the Registry of Deeds. These fees go into a CPA Trust Fund and are distributed each year. For a long time the match was 100%. Increased participation and the terrible economic crash in 2008 caused a big dip in collections – the match dropped to around 25%. Last year legislation was passed that applied an additional $25M into the CPA trust fund.
DOR just released the Community Preservation Trust Fund distribution amounts. Each CPA community – including Middleboro – will receive a 52.23% match. That’s twice as much as last year. Middleboro will get a total match of $109,575. Our local collection from the property tax surcharge is just over $200,000. That’s over $300K for FY2013 that can be used for open space, historic preservation, housing, or recreational uses. That is $300K for just one year that would never, ever, be available without CPA.
Here is the full report from the Community Preservation Coalition.