Town of Comox
Sample Residential Tax Impact 2012 Values   2013 Change Based on Assessed Values only   2013 Change Based on Requisition Amount only   2013 Net Change    
           
Comox - Converted Values                218,352,103                           216,409,229                  218,352,103             216,409,229  
                     
Comox - Tax Requisition  $                 2,939,616    $                         2,939,616    $                3,150,071                 3,150,071  
                     
           
Member Municipality Taxes:        
  Comox  'Residential Rate'                            1.3408                                     1.3584                            1.4427                       1.4497  
  (per $1000 of Assessed Value)        
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                         2    $                              10    $                         11    
Estimates calculated on 2013 Completed Assessment roll at Recommended 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.