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5.16% tax increase for Port Moody

Port Moody has sent out its property tax notices and payments are due on or before July 4.

Port Moody property taxes are up 5.16% over last year, an increase of about $80 for a house with the statistically average assessed value of $519,000.

The city is offering multiple ways to pay this year, including by mail, at your bank, by phone or internet banking, or in person at Port Moody city hall. Credit cards are not accepted for tax payments.

Late payments after the July 4 cut-off will be subject to a 5% penalty, with payments made later than Aug. 2 subject to an additional 5% payment increase.

tcoyne@tricitynews.com

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