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Property Taxes and Billings
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PROPERTY TAXES DUE TUESDAY, JULY 2, 2013

After the first due date of July 2, 2013, a penalty of 5% is added to the current outstanding taxes. Another 5% penalty is added after the second penalty date of August 15, 2013. These penalties are a requirement of the Local Government Act. The City has no authority to either waive or modify these penalty amounts. It is a requirement of the Local Government Act that these penalties be added.

If Your Property Taxes Are Paid by a Mortage Company/Financial Institution

Why have my property taxes increased?
The following factors may affect the amount of your tax bill:

To find out more about the issues affecting the 2013-2017 Financial Plan and this year's tax bill, click here.

Below is the average Property tax per household in Port Coquitlam:

CATEGORY RATES
NO GRANT
School Levy
 1.76160  913.56
 NET BASIC SCHOOL TAXES:    913.56
BC Assessment Authority Levy  0.06100  31.63 
GVRD Levy
 0.06090  31.58
GVRD Translink Levy and Translink Replacement Tax Levy  0.3252  168.65
Municipal Finance Authority Levy  0.00020   0.10
 NET OTHER GOVERNMENT TAXES:    231.96
POLICE SERVICES 0.90500 469.33
FIRE SERVICES 0.55430 287.46
CAPITAL 0.27890 144.64
PARKS & RECREATION SERVICES 0.65250 338.38
ROADS, DRAINAGE AND ENGINEERING SERVICES 0.28250 146.50
TERRY FOX LIBRARY 0.10920 56.63
DEVELOPMENTAL SERVICES 0.08350 43.30
OTHER CITY SERVICES
 - Legislative Services
 - Corporate Services
0.95650 496.04
LOCAL SERVICES - GARBAGE FEE 176.30 176.30
NET MUNICIPAL TAXES:
  2,158.58

The Relationship Between Property Assessment and Municipal Property Taxes
Municipal governments use property assessments to determine what tax rate they must set to raise the revenue needed to pay for public services, such as police and fire protection, parks and recreation, road improvements and new infrastructure. Property assessment and taxation is two-part process:

Given the relationship between property assessment and municipal property taxes, many property owners believe that a high property assessment increase means high increases in property taxes. This is not necessarily the case. If the City's operating budget is $100 million, for example, it will be $100 million whether the average residential property is worth $200,000 or $400,000. The value of the properties does not determine the costs of the City's programs and services.

What does affect your property tax rate, however, is your property's assessed value in relation to the average assessed value. The average residential assessment in Port Coquitlam decreased by 0.28% in 2013. If your assessment changed by more or less than the average assessed property value, your property taxes will have changed proportionately. So, for an assessment increase of 5% you would add the average residential property tax increase of 2.84% plus the average property tax assessment decrease of 0.28%.  This would result in a property tax increase of approximately 8.12%.

For more information on this subject, view the answers to Frequently Asked Questions regarding Property Taxation.

For more information, contact:
Port Coquitlam Tax Office
Tel  604.927.5425
Fax  604.927.5401
Email  taxes@portcoquitlam.ca

Location and Mailing Address
City Hall, First Floor
2580 Shaughnessy Street
Port Coquitlam BC  V3C 2A8 

Business Hours
8:30 am to 4:30 pm, Monday to Friday (excluding statutory holidays)

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