City of Courtenay
Sample Residential Tax Impact 2015 Values   2016 Change Based on Assessed Values only   2016 Change Based on Requisition Amount only   2016 Net Change    
                     
Courtenay - Converted Values                  481,662,842                            491,397,231                    481,662,842               491,397,231  
                     
Courtenay - Tax Requisition  $                  7,142,415    $                          7,142,415    $                  8,129,293                   8,129,293    
                     
                     
Member Municipality Taxes:              
  Courtenay  'Residential Rate'                            1.4783                                     1.4535                             1.6878                        1.6494  
  (per $1000 of Assessed Value)              
                     
Impact on Taxes Payable per  $100,000 of Assessed Value ($100,000/1000*Rate)    $                                       (2)    $                              21    $                         17    
Estimates calculated on 2016 Completed Assessment roll at Recommended Budget March 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.