City of Courtenay
Sample Residential Tax Impact 2011 Values   2012 Change Based on Assessed Values only   2012 Change Based on Requisition Amount only   2012 Net Change    
                     
Courtenay - Converted Values                444,641,497                           463,692,568                  444,641,497             463,692,568  
                     
Courtenay - Tax Requisition  $                 5,610,472    $                         5,610,472    $                5,769,607                 5,769,607    
                     
                     
Member Municipality Taxes:              
  Courtenay  'Residential Rate'                            1.2575                                     1.2100                            1.2976                       1.2400  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (5)    $                                4    $                         (2)    
Estimates calculated on 2012 Completed Assessment roll at Recommended Budget March 2012
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.