Property Tax Information

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: ​1-866-825-8322
Website: 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 Municipal 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 Municipal 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.

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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). 

Relationship Between Property Assessments and Tax Rates

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  • 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?

Municipal Property Tax Rates

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. The 201​8 rates will be available in May 201​8.     

201​7 Municipal Tax Rates

Class 1 - Residential - 2.0962
Class 2 - Utilities - 37.0472
Class 3 - Supportive Housing - 2.0962
Class 4 - Major Industry - 28.0000
Class 5 - Light Industry - 11.2258
Class 6 - Business/Other - 10.5851
Class 7 - Managed Forest Land - 6.2885
Class 8 - Recreational/Non-Profit - 12.2235
Class 9 - Farm - 14.8207

201​7 Sewer Parcel Tax - $417.00

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.

Permissive Tax Exemptions

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 Revenue Services department: 604-927-3920

Revenue Services
Phone:
604-927-3050
Fax: 604-927-3045
Email: PropertyTaxInquiries@coquitlam.ca