Village of Cumberland
Sample Residential Tax Impact 2012 Values   2013 Change Based on Assessed Values only   2013 Change Based on Requisition Amount only   2013 Net Change    
                     
Cumberland - Converted Values                   48,516,020                             50,011,375                    48,516,020               50,011,375  
                     
Cumberland - Tax Requisition  $                    360,915    $                            360,915    $                   392,629                     392,629    
                     
                     
Member Municipality Taxes:              
  Cumberland  'Residential Rate'                            0.7373                                     0.7217                            0.8093 #                     0.7781  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (2)    $                                7    $                           4    
Estimates calculated on 2013 Revised Assessment roll at Adopted Budget March 2013
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.