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                             50,083,946                    48,516,020               50,083,946  
                     
Cumberland - Tax Requisition  $                    360,915    $                            360,915    $                   389,863                     389,863  
                     
           
Member Municipality Taxes:        
  Cumberland  'Residential Rate'                            0.7373                                     0.7206                            0.8036  #                      0.7715  
  (per $1000 of Assessed Value)        
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (2)    $                                7    $                           3    
Estimates calculated on 2013 Completed Assessment roll at Proposed Budget January 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.