Why does my municipal property tax go up more than the property tax increase approved by Council?

How the value of your property changes in comparison to the average for other properties in Coquitlam affects the amount of tax you will pay on your property. To set the municipal tax rate, the City of Coquitlam examines the average increase in assessed values for each property class within the City. If you have a higher-than-average change in property value, you may experience a bigger increase than the tax rate approved by Council. Likewise, if the value of your property increased less than the average, you may see a lower increase than rate approved by Council.