Village of Cumberland
Sample Residential Tax Impact 2015 Values   2016 Change Based on Assessed Values only   2016 Change Based on Requisition Amount only   2016 Net Change    
                     
Cumberland - Converted Values                    52,647,704                              53,936,217                      52,647,704                 53,936,217  
                     
Cumberland - Tax Requisition  $                     432,883    $                             432,883    $                     465,760                      465,760    
                     
                     
Member Municipality Taxes:              
  Cumberland  'Residential Rate'                            0.8154                                     0.8026                             0.8847 #                      0.8563  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (1)    $                                7    $                           4    
Estimates calculated on 2016 Completed Assessment roll at Proposed Budget January 2016
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.