City of Courtenay
Sample Residential Tax Impact 2012 Values   2013 Change Based on Assessed Values only   2013 Change Based on Requisition Amount only   2013 Net Change    
           
Courtenay - Converted Values                459,365,302                           470,994,157                  459,365,302             470,994,157  
                     
Courtenay - Tax Requisition  $                 5,760,227    $                         5,760,227    $                6,229,683                 6,229,683  
                     
           
Member Municipality Taxes:        
  Courtenay  'Residential Rate'                            1.2496                                     1.2230                            1.3561                       1.3181  
  (per $1000 of Assessed Value)        
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (3)    $                              11    $                           7    
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.