2021 Property Tax Information - City of Coquitlam - Coquitlam.Ca
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City of Coquitlam 2021 Property Tax Information PROPERTY TAXES ARE DUE JULY 2, 2021 WHAT DO MY MUNICIPAL TAXES PAY FOR? The City of Coquitlam relies on property tax revenue to deliver essential municipal services and amenities such as police protection, fire/rescue response, road maintenance, recreation and cultural facilities, programs and events, parks and trails, and more. HOW TO PAY YOUR TAXES Changes to the Home Owner Grant for 2021 – see inside for details There are several options available to pay your property taxes. Please note that City Hall has physical distancing measures in place and our capacity is limited. As a result, we discourage in person payments at City Hall in order to avoid the long line up that may result. Please consider making payment online through your financial institution or drop payment off at one of our 24-hour drop boxes. Online or by Phone – Through your financial At a 24-hour dropbox* – Dropboxes are located institution using the eight digit folio/roll number at City Hall (3000 Guildford Way) in the from your tax notice. underground parking area or outside Burlington Drive entrance, or at Poirier Sport and Leisure By mail* – Cheques can be mailed to Complex (633 Poirier Street). 3000 Guildford Way, Coquitlam, BC, V3B 7N2. In person – At City Hall (3000 Guildford Way) At your bank – Property taxes are payable at from 8 a.m – 5 p.m. Monday to Friday. Pay by most financial institutions in Canada. cash, cheque or debit. *Please do not deposit or mail cash. Cheques post dated to the due date are accepted. Please note: we do not accept credit cards for property tax payments, and your debit card may have a limit.
PROGRAMS TO HELP WITH YOUR PROPERTY TAXES PROPERTY TAX PREPAYMENT PLAN PROPERTY TAX DEFERMENT Our Property Tax Prepayment Plan lets you pay your 2022 (PROVINCIAL PROGRAM) taxes through monthly installments. Starting in August, Tax deferment is a low-interest loan program that helps 10 withdrawals are made from your bank account and qualified B.C. homeowners pay their annual property applied toward your next year’s property tax bill. Your taxes on their principal residence. property tax bill will show how much you have prepaid and whether there is still a balance owing. You may be able to defer payment of your property taxes on your principal residence if you meet the provincial How to Apply program criteria including: Visit coquitlam.ca/taxpayment to learn more. Applications should be submitted to Revenue Services by • being 55 or older July 15 to start withdrawals on August 1. • a surviving spouse • a person with disabilities or families with children Residency, citizenship and equity criteria must also be met. For information or to apply, visit gov.bc.ca/propertytaxdeferment. PROPERTY TAXES AND UTILITY FEES Who Receives Property Tax What Do My Property Taxes and and Utility Fee Revenue? Utility Fees Pay for in Coquitlam? 30% 70% 2% 24% Other Agencies City of Coquitlam Planning and Solid Waste and Development Utilities – City Costs 2% Regional 6% Agencies Roads and 16% Transportation Parks, Recreation and Culture 5% Translink 11% Capital 15% Construction Police 23% Services Province of BC 12% 14% Fire/Rescue Metro Vancouver Services Utility Costs
HOW PROPERTY ASSESSMENT CHANGES New for 2021 CAN IMPACT YOUR MUNICIPAL TAXES HOME OWNER GRANTS Property Value Increase Property Value Increase Home owner grant applications must be submitted directly to the Province. In 2021, the home owner grant application 4% process has changed, but program details and eligibility requirements have not. The City of Coquitlam can no longer accept Home Owner Grant applications, as they are now submitted directly to the Province of British Columbia. To learn more and to apply for the Home Average Home Assessed Value: Owner Grant, visit gov.bc.ca/homeownergrant or call Increase 4% 1-888-355-2700 to speak with an agent. If you are eligible, be sure to claim your Home Owner Grant before the due date to avoid penalty. MYCOQUITLAM myCoquitlam is an online service that allows you to access information about If your property increased If your property increased your City of Coquitlam accounts for BELOW the average ABOVE the average utility fees, property taxes and dog assessed value of 4% for assessed value of 4% for licences. myCoquitlam online eService is residential properties, you residential properties, you secure, easy to use and available 24 hours will see a lower than will see a higher than a day, seven days a week. Go to 2.94% increase in your 2.94% increase in your coquitlam.ca/mycoquitlam to sign up. municipal property taxes. municipal property taxes.
THE COMMUNITY SUPPORT AND RECOVERY PLAN (CSRP) QUESTIONS? In spring 2020, the City of Coquitlam launched the COVID-19 Community Support If you have questions, please and Recovery Plan (CSRP) to foster community resilience and recovery by providing contact: direct relief to residents, businesses, not-for-profit groups and other organizations impacted by the COVID-19 pandemic. City of Coquitlam Revenue Services Coquitlam Council allocated an initial $5-million from reserve funds to launch the 604-927-3050 plan, and additional funding is possible based on emerging needs and opportunities. propertytax@coquitlam.ca coquitlam.ca/propertytaxes The City is also seeking federal and provincial stimulus funding for City capital projects to provide jobs and promote economic recovery. For information regarding non- New and ongoing CSRP initiatives include: City fees on the notice, please • Grants for not-for-profits and other community groups for revenue replacement contact the specific agencies: or pandemic response Metro Vancouver • A Community Volunteer Support Hub, providing resources and information to 604-432-6200 non-profit organizations metrovancouver.org • Free use of temporary outdoor shelters in public spaces for community activities BC Assessment • Meals for Seniors delivery and pickup program 1-866-825-8322 bcassessment.ca • A temporary program allowing businesses to expand their services outdoors • Deferring some security fees for construction projects TransLink 604-953-3333 • A variety of business information and supports in the translink.ca Business Support Portal at letstalkcoquitlam.ca/business. School Tax • Reduced drop-in recreation activity fees 1-888-355-2700 • Temporary waiver of late fees for 2020 business licences gov.bc.ca/schooltax • Relaxed temporary sign regulations for businesses Municipal Finance Authority • An extra 30 minutes of free City Centre street parking to encourage local 1-250-383-1181 shopping mfa.bc.ca Visit coquitlam.ca/CSRP for updates as new CSRP initiatives are added in the weeks and months to come. CITY OF COQUITLAM 3000 Guildford Way, Coquitlam, B.C. V3B 7N2 604-927-3000 | coquitlam.ca
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