Sample Residential Tax Impact
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Sample Residential Tax Impact 2015 Values 2016 Change Based on Assessed Values only 2016 Change Based on Requisition Amount only 2016 Net Change Comox - Converted Values $ 217,859,834 $ 221,763,033 $ 217,859,834 $ 221,763,033 Comox - Tax Requisition $ 3,563,551 $ 3,563,551 $ 3,639,311 $ 3,639,311 Member Municipality Taxes:
Comox 'Residential Rate'
(per $1000 of Assessed Value)1.6297 1.6069 1.6705 1.6348 Impact on Taxes Payable per $100,000 of Assessed Value ($100,000/1000*Rate) $ (2) $ 4 $ 1 Estimates calculated on 2016 Revised Assessment roll at Adopted Budget March 2016
Residential rate is calculated on Regional District Property Class
Multiples and General Purpose Converted Assessments.
Actual residential rates are set by the Municipality.Calculation is for comparative purposes only.
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Sample Residential Tax Impact 2015 Values 2016 Change Based on Assessed Values only 2016 Change Based on Requisition Amount only 2016 Net Change Courtenay - Converted Values $ 481,662,842 $ 489,596,367 $ 481,662,842 $ 489,596,367 Courtenay - Tax Requisition $ 7,142,415 $ 7,142,415 $ 8,108,112 $ 8,108,112 Member Municipality Taxes:
Courtenay 'Residential Rate'
(per $1000 of Assessed Value)1.4783 1.4588 1.6834 1.6511 Impact on Taxes Payable per $100,000 of Assessed Value ($100,000/1000*Rate) $ (2) $ 21 $ 17 Estimates calculated on 2016 Revised Assessment roll at Adopted Budget March 2016
Residential rate is calculated on Regional District Property Class
Multiples and General Purpose Converted Assessments.
Actual residential rates are set by the Municipality.Calculation is for comparative purposes only.
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Sample Residential Tax Impact 2015 Values 2016 Change Based on Assessed Values only 2016 Change Based on Requisition Amount only 2016 Net Change Cumberland - Converted Values $ 52,647,704 $ 53,941,217 $ 52,647,704 $ 53,941,217 Cumberland - Tax Requisition $ 432,883 $ 432,883 $ 495,581 $ 495,581 Member Municipality Taxes:
Cumberland 'Residential Rate'
(per $1000 of Assessed Value)0.8154 0.8025 0.9413 0.9114 Impact on Taxes Payable per $100,000 of Assessed Value ($100,000/1000*Rate) $ (1) $ 13 $ 10 Estimates calculated on 2016 Revised Assessment roll at Adopted Budget March 2016
Residential rate is calculated on Regional District Property Class
Multiples and General Purpose Converted Assessments.
Actual residential rates are set by the Municipality.Calculation is for comparative purposes only.
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Sample Residential Tax Impact 2015 Values 2016 Change Based on Assessed Values only 2016 Change Based on Requisition Amount only 2016 Net Change Area A - Converted Values $ 194,316,826 $ 200,508,557 $ 194,316,826 $ 200,508,557 Area A - Tax Requisition $ 959,059 $ 959,059 $ 1,022,910 $ 1,022,910 Local Service Taxes:
Area A CVRD 'Residential Rate'
(per $1000 of Assessed Value)0.4936 0.4783 0.5264 0.5102 Impact on Taxes Payable per $100,000 of Assessed Value ($100,000/1000*Rate) $ (2) $ 3 $ 2 Estimates calculated on 2016 Revised Assessment roll at Adopted March 2016
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Sample Residential Tax Impact 2015 Values 2016 Change Based on Assessed Values only 2016 Change Based on Requisition Amount only 2016 Net Change Area B - Converted Values $ 139,272,315 $ 144,725,963 $ 139,272,315 $ 144,725,963 Area B - Tax Requisition $ 2,487,215 $ 2,487,215 $ 2,647,051 $ 2,647,051 Local Service Taxes:
Area B CVRD 'Residential Rate'
(per $1000 of Assessed Value)1.7859 1.7186 1.9006 1.8290 Impact on Taxes Payable per $100,000 of Assessed Value ($100,000/1000*Rate) $ (7) $ 11 $ 4 Estimates calculated on 2016 Revised Assessment roll at Adopted March 2016
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Sample Residential Tax Impact 2015 Values 2016 Change Based on Assessed Values only 2016 Change Based on Requisition Amount only 2016 Net Change Area C - Converted Values $ 178,539,802 $ 185,156,818 $ 178,539,802 $ 185,156,818 Area C - Tax Requisition $ 2,990,270 $ 2,990,270 $ 3,160,100 $ 3,160,100 Local Service Taxes:
Area C CVRD 'Residential Rate'
(per $1000 of Assessed Value)1.6748 1.6150 1.7700 1.7067 Impact on Taxes Payable per $100,000 of Assessed Value ($100,000/1000*Rate) $ (6) $ 10 $ 3 Estimates calculated on 2016 Revised Assessment roll at Adopted March 2016
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Sample Residential Tax Impact 2015 Values 2016 Change Based on Assessed Values only 2016 Change Based on Requisition Amount only 2016 Net Change Part Area A Baynes Sound - Converted Values $ 116,714,651 $ 120,416,066 $ 116,714,651 $ 120,416,066 Part Area A Baynes Sound - Tax Requisition $ 1,523,419 $ 1,523,419 $ 1,593,316 $ 1,593,316 Local Service Taxes:
Part Area A Baynes Sound 'Residential Rate'
(per $1000 of Assessed Value)1.3053 1.2651 1.3651 1.3232 Impact on Taxes Payable per $100,000 of Assessed Value ($100,000/1000*Rate) $ (4) $ 6 $ 2 Estimates calculated on 2016 Revised Assessment roll at Adopted March 2016
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Sample Residential Tax Impact 2015 Values 2016 Change Based on Assessed Values only 2016 Change Based on Requisition Amount only 2016 Net Change Part Area A Denman/Hornby - Converted Values $ 77,602,172 $ 80,092,490 $ 77,602,172 $ 80,092,490 Part Area A Denman/Hornby - Tax Requisition $ 25,353 $ 25,353 $ 25,359 $ 25,359 Local Service Taxes:
Part Area A Denman/Hornby 'Residential Rate'
(per $1000 of Assessed Value)0.0327 0.0317 0.0327 0.0317 Impact on Taxes Payable per $100,000 of Assessed Value ($100,000/1000*Rate) $ (0) $ 0 $ (0) Estimates calculated on 2016 Revised Assessment roll at Adopted March 2016