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Property Taxes
- Assessment
- Understanding Municipal Property Taxes
- Relationship Between Property Assessments & Tax Rates
- Municipal Property Tax Rates
- Tax Deferment
- Permissive Tax Exemptions
Property Value Assessment
The British Columbia Assessment Authority (BCAA) is an independent organization that determines the value of all properties in British Columbia. When establishing the market value of a property, BCAA considers many factors including size, layout, age, condition, location, neighbourhood and the value of recent sales of similar properties. All owners receive a Property Assessment Notice by December 31 each year.
View the 2020 Property Tax Information Mail-Out (PDF).
What to Do with Your Assessment
It is important to check all details on the Property Assessment Notice. If you have questions about your property assessment, please call BCAA to speak with an appraiser. If you still disagree with your assessment after talking with an appraiser, you can file a formal Notice of Complaint (Appeal).
Deadline to File
The deadline to file a Notice of Complaint (Appeal) is January 31. Send your Notice to:
BCAA, North Fraser Region
BC Assessment Greater Vancouver Office
Suite 200 - 2925 Virtual Way
Vancouver BC V5M 4X5
Phone: 1-866-825-8322
BCAA Website
Why Assessed Value is Important to You
The assessed value of your property as determined by the BCAA is used to calculate how much property tax you will pay. With the BCAA Notice of Complaint (Appeal) deadline being January 31, once you have received your Tax Bill in May, it will be too late to make any changes to the assessed value of your property.
The City of Coquitlam provides residents with many important services:
- Drainage
- Emergency services, including police and firefighters
- Parks and recreation facilities, including pools and ice rinks
- Roads and traffic control
- Sewer
- Water
Property taxes are the City’s main source of money to pay for all of these valuable services. City Council determines the budget it needs to provide the services and a Municipal Property Tax Rate is set to collect the necessary taxes.
Charges from Province of British Columbia
On your Property Tax Bill there are charges from the Province of British Columbia for school taxes and for other regional bodies including:
- BC Assessment Authority
- Metro Vancouver
- Municipal Finance Authority
- TransLink
These taxing authorities determine the amounts payable and the City collects on their behalf.
Approximately 40% of a typical residential property tax bill is collected on behalf of other agencies that are outside the City’s budget control.
Calculate Tax Levy for Your Property
Rates are per $1,000. Multiply the taxable value (found on your property assessment notice) by the municipal tax rate for the applicable assessment class(es).
- How is the municipal property tax calculated?
- How does fluctuation in my home's assessment affect my municipal property taxes?
- If the value of my property increases, does the City get extra revenue?
- Why does my municipal property tax go up more than the property tax increase approved by Council?
- So, what happened this year?
- Where can I find out my assessment?
- Does anything else factor into my property taxes?
City Council determines the budget it needs to provide services to residents and businesses. Each year in May, a Municipal Property Tax Rate is set to collect the necessary taxes to pay for the many important services provided.
2020 Municipal Tax Rates
- Class 1 - Residential - 2.2008
- Class 2 - Utilities - 38.6512
- Class 3 - Supportive Housing - 2.2008
- Class 4 - Major Industry - 28.0000
- Class 5 - Light Industry - 7.6256
- Class 6 - Business/Other - 7.2278
- Class 7 - Managed Forest Land - 6.6023
- Class 8 - Recreational/Non-Profit - 10.5627
- Class 9 - Farm - 15.3162
2020 Sewer Parcel Tax - $478.00
Important Changes to the Provincial Tax Deferment Program for 2020
Deferment applications are no longer submitted through your municipal office.
The Province has developed a new online application process. All applications will now be submitted directly to the Province. Information on the new program is available on British Columbia’s Property Tax Deferment page.
Section 224 of the Community Charter provides Council with the authority to grant Permissive Tax Exemptions for certain land and/or improvements from municipal property taxes. Council will consider requests for Permissive Tax Exemptions for certain categories of land or improvements, such as those owned and used by non-profit organizations, which provide public benefit to the residents of Coquitlam subject to the conditions of our Permissive Property Tax Exemption Policy.
For further information on the policy, please contact the Revenue Services Department at 604-927-3920.