According to Ms. Erickson, the surcharge will be taken from the property taxes of a house, after a $100,000 exemption from residential properties.
“If your house costs $250,000, then you subtract the $100,000 and you have $150,000. The property taxes on that would be $2,250, which means the CPA surcharge would be $22.50,” she said.
The CPA does have exemptions, including low income families, low or moderate income seniors as well as personal exemptions that include people such as disabled veterans, the blind and surviving spouses