City of Courtenay
Sample Residential Tax Impact 2010 Values   2011 Change Based on Assessed Values only   2011 Change Based on Requisition Amount only   2011 Net Change    
                     
Courtenay - Converted Values                422,754,229                           444,641,497                  422,754,229             444,641,497  
                     
Courtenay - Tax Requisition  $                 5,420,922    $                         5,420,922    $                5,610,473                 5,610,473    
                     
                     
Member Municipality Taxes:              
  Courtenay  'Residential Rate'                            1.2776                                     1.2192                            1.3271                       1.2575  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (6)    $                                5    $                         (2)    
Estimates calculated on 2011 Revised Assessment roll at Adopted Budget March 2011
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.