Currently, 100% of the value of commercial and industrial real estate in West Springfield is subject to a Community Preservation Act surcharge of one present (1%) of its taxable value, while residential properties receive an exemption for the first $100,000 of their property value. This amendment, if adopted, would in a similar manner exempt the first $100,000 of commercial and industrial property value. The adoption of the amendment would exempt the first $100,000 of value of each such commercial and industrial property from the surcharge. For example, a commercial or industrial property valued at $250,000 would pay a surcharge based on $150,000 rather than $250,000 of its taxable value.