Property Taxes
How is my property value assessed?
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.
What should I do with my 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).
The deadline to file a Notice of Complaint (Appeal) is January 31.
BCAA, North Fraser Region
Phone: 604-294-6441
Fax: 604-294-8193
Website: www.bcassessment.ca
Email: northfraser@bcassessment.ca
Location & Mailing Address:
#420 – 2700 Production Way
Burnaby BC V5A 4X1
Why is this important to me?
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.
| Understanding Property Taxes |
 The City of Coquitlam provides residents with many important services: water, sewer, drainage, emergency services including police and firefighters, roads and traffic control, parks and recreation facilities including pools and ice rinks.
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 Property Tax Rate is set to collect the necessary taxes. On your Property Tax Bill there are charges from the Province of BC for school taxes and for other regional bodies including, TransLink, BC Assessment Authority, Metro Vancouver and the Municipal Finance Authority. These taxing authorities determine the amounts payable and the City collects on their behalf. Approximately 40 percent of a typical residential property tax bill is collected on behalf of other agencies that are outside the City’s budget control.  Show Me
|
| To calculate the municipal tax levy for your property: Rates are per $1000.00. Multiply the taxable value (found on your property assessment notice) by the municipal tax rate for the applicable assessment class(es). |
If the value of my property increases, does the City get extra revenue?
Changes in property values do not change the overall tax levy. Instead, the City adjusts the tax rate to offset the average increase in assessed values to only to generate the amount of money needed to run the City’s operations.
Why does my 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 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.
Municipal Property Tax Rates
City Council determines the budget it needs to provide services to residents and businesses. Each year in May, a Property Tax Rate is set to collect the necessary taxes to pay for the many important services provided.
2012 Municipal Tax Rates
Class 1 - Residential - 2.9414
Class 2 - Utilities - 38.8413
Class 4 - Major Industry - 28.0000
Class 5 - Light Industry - 12.8649
Class 6 - Business - 13.7131
Class 8 - Recreational - 14.1147
Class 9 - Farm - 16.2181
2012 Sewer Parcel Tax - $358.00
Tax Deferment
Tax Deferment programs are administed by the Province of British Columbia. For further information about the programs, please contact the Province of BC - Property Tax Deferment Programs.
Revenue Services
Phone: 604-927-3050
Fax: 604-927-3045
Email: PropertyTaxInquiries@coquitlam.ca