2025-2029 Surrey Financial Plan

MAJOR REVENUE SOURCES

2024 Assessment Roll and Taxation Comparison

Source: City of Surrey Finance Department

The charts above represent assessment values and assessment based property taxes, including taxation collected 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 82.2% (2023 - 83.5%) of total assessment value in the City but represent only 62.1% (2023 - 63.0%) of the total property taxes paid for 2024.

City of Surrey | 2025—2029 Financial Plan | Financial Overview

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