COQUITLAM, B.C., May 22, 2024 – Residential and commercial property owners will be receiving their property tax notices in the coming weeks. Property owners who have signed up for electronic notices should receive their eBills this week.
Funding close to half of Coquitlam’s total budget, tax revenue pays for essential services that sustain the quality of life for Coquitlam residents, including:
- Enhanced community safety
- Resources to support housing affordability and supply
- Police protection
- Fire/rescue response
- Recreation and culture services
- Community events
- Parks and trails
- Infrastructure renewal
The average homeowner can expect to see an increase in property taxes of $210 for the year.
Approximately 40 per cent of the funds the City collects through property taxes are collected on behalf of other agencies, including the Province of B.C., TransLink, Metro Vancouver and B.C. Assessment, in order to fund regional services.
Starting in late 2023 and continuing in 2024, the City of Coquitlam has been navigating the financial and operational requirements of major Provincial legislation changes, including the Homes for People Action Plan, Emergency and Disaster Management Act, Pay Transparency Act and Accessible British Columbia Act.
While the legislation has imposed new requirements on municipalities, the necessary funding needed to undertake this work has not been provided by the Province. Despite this, the City has positioned its 2024 budget to meet these challenges, while continuing to deliver on key community priorities and maintaining service standards.
For questions regarding your 2024 Property Tax Notice, please contact the Revenue Services division at PropertyTax@coquitlam.ca or call 604-927-3050.
The deadline for 2024 property tax payments is Tuesday, July 2. A 5 per cent penalty will be applied to unpaid current taxes (including unclaimed Home Owner Grants) after July 2. An additional 5 per cent penalty will applied to unpaid current taxes after September 16.
Apply for Your Home Owner Grant Now
The Home Owner Grant, which reduces taxes for primary residences, is administered by the Province of B.C. Eligible owners must apply for the Home Owner Grant directly through the Province before the property tax due date to avoid penalty. To learn more and to apply, visit www.gov.bc.ca/HomeOwnerGrant or call 1-888-355-2700.
Payment Options
- Online or by phone – Through your financial institution using the eight-digit folio/roll number from your tax notice.
- Pay online with a credit card – Pay at coquitlam.ca/PayTaxes. A non-refundable 2 per cent convenience fee will be applied to cover the merchant fee.
- At a 24-hour dropbox – Secure dropboxes are located at City Hall (3000 Guildford Way) in the underground parking area or outside Burlington Drive entrance, and at Poirier Sport and Leisure Complex (633 Poirier Street).
- At your bank – Property taxes are payable at most financial institutions.
- By mail – Cheques can be mailed to 3000 Guildford Way, Coquitlam, B.C., V3B 7N2, Attention: Revenue Services. Payment must be postmarked by Canada Post on or before July 4 to avoid penalty. Cheques postdated to July 4 are accepted; do not mail cash.
- At City Hall – City Hall (3000 Guildford Way) is open from 8 a.m – 5 p.m. Monday to Friday. Please note City Hall is closed on Monday, July 1.
More information about property taxes is available at www.coquitlam.ca/PropertyTaxes.
Programs to Help with Paying Taxes
Coquitlam property owners can plan ahead for 2025 by setting up monthly instalments through the City’s prepayment program. Visit www.coquitlam.ca/TaxPrepay to learn more. Applications should be submitted to Revenue Services by July 15 to start withdrawals on August 1.
Residents may qualify for the Provincial Property Tax Deferment Program, for their principal residence, if they meet the Provincial criteria. Visit www.gov.bc.ca/PropertyTaxDeferment for information.
MyCoquitlam – Easy Online Access to Coquitlam Billing Information
Did you know the City’s MyCoquitlam is your online, one-stop shop for utility notices, property tax notices and dog licences? Sign up for eBilling with MyCoquitlam and check out your City accounts, receive your utility and property tax notices directly to your inbox and help reduce paper waste in your household.
The online service is secure, easy-to-use and available 24/7. Go to www.coquitlam.ca/myCoquitlam and sign up today!
Sign Up for Updates
Receive reminders and important information regarding your utility bill and property tax right to your inbox by subscribing for the Property Tax and Annual Utility Bill Reminders NotifyMe list. Visit coquitlam.ca/NotifyMe to learn more.
Media Contact:
Gorana Cabral
Director Finance
604-927-3050
PropertyTax@coquitlam.ca