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property tax prepayment plan application form

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					City of Coquitlam

Property Tax Prepayment Plan Application Form
3000 Guildford Way, Coquitlam, BC V3B 7N2 Phone: 604-927-3050 Fax: 604-927-3045 Folio Number: Estimated Gross Tax: Grant Amount: Estimated Net Tax:

Collections

Applicant's Name: Applicant’s Home #: Applicant’s Work #: Property Address: Monthly Payment: Grant to be claimed: Date of Birth:

Yes

No

Effective Date:

I/We hereby authorize the City of Coquitlam to withdraw a Pre-authorized amount from my/our account on the 1st of each month, from August to May of each year. Prepayments will continue until 15 days written notification of cancellation has been received. Tax prepayments may be accepted from persons other than the assessed owner, however, only the assessed owner may request a refund of the balance remaining after issuance of the Property Tax Bill. I/We will instruct the City to discontinue the Plan before the property is sold. It is your responsibility to ensure that the conveyancing lawyer or notary provides you with a credit on your Statement of Adjustments. There will (initial of applicant) be no refund of any prepayments prior to issuance of the Property Tax Bill. I/We have read the reverse side of this application form. Signature of Bank Account Holder(s) Date New Application Change Amount Only Change Account Number Only Cancel Applicant from Plan Renew Date Entered Clerk’s Initials Date Stamp Clerk’s Initials

Signature of Assessed Owner (if different from account holder)

Office Use Only Bank Number Transit Number Account Number

Pre-Authorized Payment Plan
1. It is the responsibility of the taxpayer to instruct the City to discontinue the Prepayment Plan before the property is sold. This is important since we will continue to draw payments from your bank account until advised. IMPORTANT: Any overpayment will be applied to the credit of the new owner. 2. CANCELLATION of the plan may be requested upon 15 days’ WRITTEN notice by either the taxpayer or the City. As per Bylaw 2849 (1994), there will be no refund of any payments made prior to issuance of the Tax notices. The City will continue to pay interest on the amounts paid prior to cancellation. 3. Any OUTSTANDING TAXES and UTILITIES must be paid prior to enrolling on the Plan. Taxes and Utilities must remain up to date to continue on the plan in subsequent years. 4. PAYMENTS will be collected on the first day of each month from August of the current year to May of the year in which taxes become due. Prepayment estimates are based on the previous year's taxes less estimated Home Owner Grant, if applicable. 5. TAX STATEMENTS mailed in May will show total taxes levied, amount prepaid including interest and the balance owing or the balance overpaid to the City. 6. DISHONORED TRANSFER fee is $25. Your Payment Plan will be terminated after two dishonored Electronic Transfers within one year. The City may not provide notice of non-payment. 7. INTEREST will be paid at the prime lending rate of Scotiabank, in effect on the last day of the previous month, less 3%. 8. You may ENROLL in the Prepayment Plan at anytime. Please indicate on line D the monthly amount that you wish to pay. Your last installment will be May 1, of each year. 9. UTILITY CHARGES, are not included in this Pre-Payment Plan. Utilities are billed separately. Contact our tax office at 604-927-3050 for information on our (Residential) Utility Installment Plan. 10. VOID PERSONALIZED CHEQUE must be attached to this application and returned to the City of Coquitlam by the 15th of the month prior to your start date. HOME OWNER GRANTS must still be claimed by the owner. TO AVOID PENALTY, CLAIM THE GRANT AND PAY THE BALANCE OF TAXES OUTSTANDING ON THE DUE DATE OR PRIOR.

City of Coquitlam

Estimation of the Prepayment Amount
1. 2. Property taxes for current year Subtract Home Owner Grant, if applicable: Basic Grant (under 65) $570 Basic and Additional Grant $845 Total (A) - (B) Prepayment Amount Divide (C) by number of months remaining to May 1 or Amount per month that I wish to pay (A)

(B) (C) (D)

3. 4.

Rev. Mar 2/06 Doc #406788


				
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Description: property tax prepayment plan application form