City of Coquitlam Property Tax Prepayment Plan Application Form by xscape

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									                                                                             City of Coquitlam
                                                                 Property Tax Prepayment Plan
                                                                              Application Form
                                                                                              Collections Division
                                                                       3000 Guildford Way, Coquitlam, BC V3B 7N2
                                                                          Phone: 604-927-3050 Fax: 604-927-3045


Applicant's Name:

Applicants Home #:                                            Property Address:

Applicants Work #:

Estimated Gross Tax:                                          Folio Number:

Grant Amount:                                                 Monthly Payment:

Estimated Net Tax:                                            Grant to be claimed: Yes:              No:

Effective Date:                                               Date of Birth:

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. No refund of prepayment plan
payments will be issued by the City as a result of owner's failure to discontinue plan upon transfer of property. It
is your responsibility to ensure that the conveyancing lawyer or notary provides you with a credit on your
Statement of Adjustments. There will be no refund of any prepayments prior to issuance of the Property Tax
Bill._______(initial of applicant)

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
Signature of Assessed Owner                                               Cancel Applicant from Plan
(if different from account holder)                                        Renew


Office Use Only
                                                               Date Entered                     Date Stamp
                                                               Clerk’s Initials                Clerk’s Initials
Bank Number

Transit Number

Account Number
                                                                                      City of Coquitlam
                                                              Property Tax Prepayment 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.

ESTIMATION OF THE PREPAYMENT AMOUNT

1.   Property taxes for current year                                                     (A)

2.   Subtract Home Owner Grant, if applicable:
     Basic Grant (under 65)                 $       570

     Basic and Additional Grant             $       845                                  (B)

3.   Total (A) - (B) Prepayment Amount                                                   (C)
4.   Divide (C) by number of months remaining to May 1
     or Amount per month that I wish to pay                                              (D)




                                                                                                                \11/29/2007
                                                                                                 docs# 45551,tax prepayment

								
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