City of Surrey's 2024-2028 Financial Plan

MAJOR REVENUE SOURCES

2023 Assessment Roll and Taxation Comparison

Source: City of Surrey Finance Department

The charts above represent assessment values and assessment based property taxes, including taxation from other authorities such as the Provincial government, Metro Vancouver Regional District, and TransLink among others. Assessed values are divided by 1,000 and then multiplied by the applicable tax rate to determine the annual tax levy. As shown, residential assessment values represent approximately 83.5% of total assessment value in the City but represent only 63.0% of the total property taxes paid for 2023.

City of Surrey | 2024—2028 Financial Plan | Financial Overview

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