Port Moody property tax

Rates per $1,000 of assessed value, residential (Class 1), from Province of BC Local Government Statistics Schedule 702. No regional hospital district rate applies (0). 'Other' includes the TransLink (transit) levy, BC Assessment and Municipal Finance Authority. Checked against the City's Summary of 2026 Tax Rates (Residential): Total - Municipal Levy 2.71318 (General Municipal 1.61574, Police 0.70211, Asset Levy 0.24678, Master Transportation 0.01533, FireHall 0.02132, Storm Drainage 0.11190); MVRD 0.05637; School 1.12480; Transit Property Tax 0.35680 + Transit Replacement Tax 0.00180; BC Assessment 0.03810; MFA 0.00020; Grand Total 4.29125. All match Schedule 702.

Rates as published for the residential class. Bills can also include fixed charges, local improvement levies and utility fees that are not based on assessed value.

Port Moody's total residential rate of 0.4291% is below the 0.4794% average of the 28 British Columbia municipalities we cover. A lower rate does not always mean a lower bill: tax = assessed value × rate, so cities with high home values often have lower rates.

Rates are the residential rates in each city's latest confirmed year. All British Columbia municipalities · National rankings

From Port Moody's official property tax pages (sources 11). Check your bill for the exact amounts and dates.

These programs are run by the city or the province. Eligibility is decided by the organization that runs each one; follow the links for the official rules.

• Home Owner Grant

  Reduces property taxes on a principal residence; apply every year. The 2026 grant threshold is $2,075,000, and the grant is reduced by $5 for each $1,000 of assessed value above it. Unclaimed grants are subject to the second 5% penalty after September 15, 2026. Run by Province of British Columbia (apply directly to the Province, not the City).

• BC Property Tax Deferment Program

  Provincial loan program to defer property taxes on a principal residence. The City notes that under the 2026 Provincial Budget reforms the interest rate is increased to prime plus 2% and compounded. Run by Province of British Columbia (apply online through eTaxBC).

• Pre-authorized prepayment plan

  Monthly automatic withdrawals on the 5th of the month from September to May to pay in advance for the next tax and utility bills (not currently levied amounts). Run by City of Port Moody.

• Home owner grant

  The B.C. home owner grant reduces the property taxes owners pay on their principal residence. For 2026 the full grant is available on properties assessed at $2,075,000 or less, with a higher additional grant for seniors, veterans and people with disabilities.

• Low income grant supplement for seniors

  A B.C. supplement for low-income seniors whose home owner grant is reduced or eliminated because their home is assessed above the $2,075,000 grant threshold. Most recipients get a cheque for $845 ($1,045 in a northern or rural area) for 2026.

• Property tax deferment program

  B.C.'s property tax deferment program is a provincial loan that pays an eligible owner's current-year property taxes, secured by a lien on the home. Taxes deferred for 2026 and later carry compound interest at prime plus 2%, 6.45% throughout 2026.

• Speculation and vacancy tax (provincial) in force 2026

  The City of Port Moody (Metro Vancouver Regional District) is a taxable area for the Province of BC speculation and vacancy tax. 2026 rates: 1% of assessed value for Canadian citizens or permanent residents who are not untaxed worldwide earners; 3% for foreign owners and untaxed worldwide earners. Administered by the Province.

• TransLink property tax levy in force 2026

  Collected on the City's tax notice: Transit Property Tax 0.35680 plus Transit Replacement Tax 0.00180 = 0.35860 per $1,000 of assessed value for residential properties in 2026.

• Asset levy, police and storm drainage rates in force 2026

  Parts of the City's 2026 municipal residential levy of 2.71318 per $1,000, shown separately on the City's rate summary: Police 0.70211, Asset Levy 0.24678, Master Transportation 0.01533, FireHall 0.02132, Storm Drainage 0.11190 (General Municipal 1.61574).

• B.C. speculation and vacancy tax

  The speculation and vacancy tax is an annual provincial tax on residential property in designated areas of B.C., based on how each owner used the property during the year and on the owner's residency and income. Every owner on title in a taxable area must declare by March 31, even when an exemption applies.