City of Courtenay
Sample Residential Tax Impact 2016 Values   2017 Change Based on Assessed Values only   2017 Change Based on Requisition Amount only   2017 Net Change    
                     
Courtenay - Converted Values                  489,596,367                            536,297,448                    489,596,367               536,297,448  
                     
Courtenay - Tax Requisition  $                  8,108,112    $                          8,108,112    $                  8,944,233                   8,944,233    
                     
                     
Member Municipality Taxes:              
  Courtenay  'Residential Rate'                            1.6511                                     1.5119                             1.8269                        1.6635  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                     (14)    $                              18    $                           1    
Estimates calculated on 2017 Completed Assessment roll at Proposed Budget January 2017
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.