City of Courtenay
Sample Residential Tax Impact 2009 Values   2010 Change Based on Assessed Values only   2010 Change Based on Requisition Amount only   2010 Net Change    
                     
Courtenay - Converted Values                405,322,627                           422,754,229                  405,322,627             422,754,229  
                     
Courtenay - Tax Requisition  $                 5,148,944    $                         5,148,944    $                5,420,919                 5,420,919    
                     
                     
Member Municipality Taxes:              
  Courtenay  'Residential Rate'                            1.2656                                     1.2180                            1.3374                       1.2776  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (5)    $                                7    $                           1    
Estimates calculated on 2010 Revised Assessment roll at Adopted Budget March 2010
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.