Village of Cumberland
Sample Residential Tax Impact 2016 Values   2017 Change Based on Assessed Values only   2017 Change Based on Requisition Amount only   2017 Net Change    
                     
Cumberland - Converted Values                    53,941,217                              58,046,848                      53,941,217                 58,046,848  
                     
Cumberland - Tax Requisition  $                     443,580    $                             443,580    $                     505,984                      505,984    
                     
                     
Member Municipality Taxes:              
  Cumberland  'Residential Rate'                            0.8150                                     0.7642                             0.9380 #                      0.8654  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (5)    $                              12    $                           5    
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.