Property Taxes

We collect property taxes each year to pay for a range of services. The annual property tax bill includes both municipal taxes and levies collected on behalf of schools, BC Assessment Authority, Greater Vancouver Regional District, TransLink and the Municipal Finance Authority. Property tax bills are mailed out each year at the end of May.

The City faced a variety of costs beyond its control in 2024, including inflation, escalating costs for goods and services, new responsibilities from provincial legislation, contract settlements, and rising costs from external service providers. More than two per cent of this year’s 5.58 per cent municipal tax increase were related to rising RCMP costs.

Despite these challenges, Port Coquitlam’s property tax increase this year is once again well below average in Metro Vancouver. Over the past five years, the City’s average tax and utility increases have been half the regional average.

For 2024, the average residential property with an average assessment increase will see a total municipal tax increase of $117.39 made up of a $74.89 increase in property tax for City services and $42.50 for RCMP; a $62.67 increase for the solid waste levy (Applies to single-family homes only on City waste service); $13.95 increase in the water levy; and a $51.50 increase in the sewer levy. Water and sewer levies were due March 31. The primary driver for utility increases are higher external service provider costs from Metro Vancouver.

Read about utility billings

2024 Property Taxes Due July 2, 2024

Property taxes are due on July 2, 2024. Payments can be made online or in person. We encourage you to save time and skip the line!

Property owners who do not receive their property tax bill by the last week of May – particularly new owners – should contact the Tax Office immediately.

Property owners are responsible for making the payment and applying for the Home Owner Grant (if eligible) by the due date, regardless of whether or not they received a bill, problems with postal service, inclement weather or other circumstances.


Late payment penalties

A 5% penalty will be applied to current taxes if not paid before end of day on July 2, 2024. An additional 5% penalty will be added to any current taxes outstanding after Sept. 16, 2024.

Penalties are in accordance with provincial legislation and the City has no authority to waive or modify penalty amounts.

Home Owner Grant

If you qualify for the home owner grant, you must apply each year through the Government of BC to receive the grant on your principal residence.  The home owner grant reduces the amount of property taxes you pay each year on your principal residence. The grant is available to homeowners who pay property taxes to a municipality, or to the province if they live in a rural area.


Speculation and Vacancy Tax

The speculation and vacancy tax is a part of the provincial government’s plan to make housing more affordable for people in the province. Learn more about how the speculation and vacancy tax applies to you.

For more information please visit their website or to contact their offices please email [email protected] or phone 1.833.554.2323.

2024 Residential Tax Rates

2024 Residential Tax Rates and Property Taxes for a residential property assessed at $1,078,237, which increased in value by 2.77%, will see a 5.58% increase in municipal taxes.

*The 2024 average assessed value for Class1 Residential increased by 2.77%.

CategoryRatesNo Grant
School Levy1.00571084.38
Net Basic School Taxes: 1084.38
BC Assessment Authority Levy0.034737.41
Metro Vancouver Levy0.056761.14
Translink Levy0.2703291.45
Municipal Finance Authority Levy0.00020.22
Net Other Government Taxes: 1474.60
Policing0.4172449.84
Fire & Emergency0.3469374.04
Recreation & Library0.2771298.78
Infrastructure Funding0.3618390.10
Administrative Services0.2527272.47
Engineering & Public Works0.2763297.92
Debt Repayment0.073278.93
Solid Waste Levy 310.00
Net Municipal Taxes & Solid Waste 2472.08
Total New Tax Levies 3946.68

Frequently Asked Questions