Village of Cumberland
Sample Residential Tax Impact 2013 Values   2014 Change Based on Assessed Values only   2014 Change Based on Requisition Amount only   2014 Net Change    
                     
Cumberland - Converted Values                   50,011,375                             50,104,478                    50,011,375               50,104,478  
                     
Cumberland - Tax Requisition  $                    392,630    $                            392,630    $                   408,407                     408,407    
                     
                     
Member Municipality Taxes:              
  Cumberland  'Residential Rate'                            0.7781                                     0.7836                            0.8166 #                     0.8084  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                         1    $                                4    $                           3    
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.