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.

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1. How is the municipal property tax calculated?
2. How does fluctuation in my home's assessment affect my municipal property taxes?
3. If the value of my property increases, does the City get extra revenue?
4. Why does my municipal property tax go up more than the property tax increase approved by Council?
5. So, what happened this year?
6. Where can I find out my assessment?
7. Does anything else factor into my property taxes?