Community Preservation Committee

The Community Preservation Act (CPA), approved as a ballot question on the November 6, 2001 Election, provides a mechanism to fund the creation and preservation of affordable housing, open space and historic resources.

The Act provides the authority for Peabody to establish a local Community Preservation Fund (CPF) that derives its revenues primarily from a surcharge on the property tax. The ballet question approved by the City provided for a one percent (1%) surcharge of the taxes assessed annually on real property. It also provided an exemption for the first $100,000 of the assessed value of Class I, residential parcels. There are additional exemptions for residential properties. They are (1) for property owned and occupied as a domicile by a person who would qualify for low income housing and (2) for property owned and occupied as a domicile by a person who would qualify for low or moderate income senior housing.

CPC Information

City Council

CPC Clerk

Conservation Commission

General Public

Historical Commission

Housing Authority

Park Commission

Planning Board