City of Courtenay
Sample Residential Tax Impact 2013 Values   2014 Change Based on Assessed Values only   2014 Change Based on Requisition Amount only   2014 Net Change    
                     
Courtenay - Converted Values                469,643,951                           474,867,608                  469,643,951             474,867,608  
                     
Courtenay - Tax Requisition  $                 6,238,224    $                         6,238,224    $                6,715,927                 6,715,927    
                     
                     
Member Municipality Taxes:              
  Courtenay  'Residential Rate'                            1.3237                                     1.3137                            1.4300                       1.4099  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (1)    $                              11    $                           9    
Estimates calculated on 2014 Completed Assessment roll at Proposed Budget January 2014
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.