Village of Cumberland
Sample Residential Tax Impact 2014 Values   2015 Change Based on Assessed Values only   2015 Change Based on Requisition Amount only   2015 Net Change    
                     
Cumberland - Converted Values                    50,082,703                              52,733,968                      50,082,703                 52,733,968  
                     
Cumberland - Tax Requisition  $                     394,029    $                             394,029    $                     432,636                      432,636    
                     
                     
Member Municipality Taxes:              
  Cumberland  'Residential Rate'                            0.7800                                     0.7472                             0.8638 #                      0.8136  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (3)    $                                8    $                           3    
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.