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Coquitlam Property Tax Calculator 2020

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Coquitlam property tax is based on the assessed value of your home. Every year, the BC Assessment conducts an evaluation of properties all over British Columbia. This assessed value can differ significantly from the market value of your property.Your final property tax amount is calculated by multiplying the Coquitlam final property tax rate for the year by the BC Assessment value.

You can calculate your property tax using either your home's assessed value or your home's most recent market price. Just enter the price and type of your property, and we will give you an instant property tax estimate.

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Latest News: COVID-19 Property Tax Updates

Coquitlam has extended the deadline to pay Property Tax to September 30, 2020. Commercial Property Tax bills for businesses have been lowered by an average of 25%. The BC Government has a Property Tax Deferment Program for select individuals that you can apply for.

BC Assessment Value of the Property
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2019 Property Tax Value
$1,6961.70k
2019 Residential Property Tax Rate
0.339290 %
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The City of Coquitlam has not yet released it's 2020 final property tax rates. Rates will be updated as soon as they are published.

2019   Tax Rates for Cities Near Coquitlam

City Final Tax rate
Surrey0.319493 %
Burnaby0.284110 %
Vancouver0.256116 %
Langley0.358111 %

Property Tax in British Columbia

If you own or lease property or mobile homes in BC, you will be subject to paying property tax annually. The tax, paid to the municipality with rates varying based on the municipality you are in, is responsible for funding services such as police and fire protection, garbage collection, schools, and hospitals.

At the beginning of the year, you will receive a property assessment notice informing you of the property value as of July 1st of last year. You will then receive a tax notice that calculates how much tax you owe based on the assessed value, and it will then be your responsibility to pay the amount to the municipal office before the deadline.

The amount of property tax and its rates are based on how much funding is needed to provide services for the year; for example, if your community decides to start a new service, the higher cost may be reflected in your taxes. The amount also depends on other factors such as property classification and location.

Generally, your tax will consist of a Municipal Tax as determined by your municipality and a School Tax determined by the number of residences and their values in your district.

Coquitlam Property Tax Rates from 2010 to 2020

Coquitlam Property Tax Rates from 2010 to 2020
Residential Property Tax Rate for Coquitlam from 2018 to 2020
YearMunicipal RateEducational RateFinal Tax Rate
20200.220080%Not AvailableNot Available
20190.198380%0.110580%0.339290%
2018 0.202200%0.113580%0.345380%
Based on city of Coquitlam official website: Check Source
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Coquitlam at a Glance
ProvinceBritish Columbia
Settled1889
Established1891
Incorporated1992
Population139,284
City Area122.30 km 2 (47.22 sq mi)

Property Taxes in B.C. for a $500K B.C. Assessed Value Home*

Property Taxes in B.C. for a $500K B.C. Assessed Value Home

Assessed Value of a Property

Every year, your property will be assessed by BC Assessment to determine its value, classification, and any exemptions it may be applicable for. The aspects used for the assessment include location, size, shape, usage, and age. Each year, the value of your property may increase or decrease depending on factors such as changes to its classification, market fluctuations, and renovations. If there are issues with the assessment, you may contact BC Assessment or have an independent appeal to the Property Assessment Review Panel (PARP).

Homeowners may find that the assessed value of their property differs significantly from its market price. There is also no way to retrieve and compare the assessed value of other properties.

Property Taxes in B.C. for a $500K Fair Market Value Detached Home*

Property Taxes in B.C. for a $500K Fair Market Value Detached Home
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Save over $10,000 on your mortgage.
2.79%*5-Year Fixed

Lower than the Major Banks

* For mortgages of at least $500,000 with down payment under 20%.
WOWA assumes no liability for the accuracy of information presented.
† For mortgages of at least $500,000 over a 25-year amortization period.

How We Calculate Your Property Tax

If you entered your home's BC Assessment value, we calculate your property tax by multipling your Assessment value by Coquitlam's final property tax rate.

If you entered your home's market value, we use our analysis of properties in Coquitlam to determine your home's assessed value using it's market price and property type.

Coquitlam Property Tax vs Asking Price
This calculator is provided for general information purposes only. This calculation may not include any special charges, levies or fees. Results are approximations only. For official and the most up-to-date information, please see your property tax bill or contact the relevant taxation authority of your region.