City of Courtenay
Sample Residential Tax Impact 2014 Values   2015 Change Based on Assessed Values only   2015 Change Based on Requisition Amount only   2015 Net Change    
                     
Courtenay - Converted Values                  477,707,049                            483,181,541                    477,707,049               483,181,541  
                     
Courtenay - Tax Requisition  $                  6,668,034    $                          6,668,034    $                  7,146,230                   7,146,230    
                     
                     
Member Municipality Taxes:              
  Courtenay  'Residential Rate'                            1.3915                                     1.3800                             1.4959                        1.4744  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (1)    $                              10    $                           8    
Estimates calculated on 2015 Completed Assessment roll at Recommended Budget March 2015
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.