2026 - 2030 Surrey Financial Plan

MAJOR REVENUE SOURCES

COMPARATIVE CHARGES ON A SINGLE FAMILY DWELLING Based on average assessment of the taxing authority

COMPARATIVE CHARGES ON A RESIDENTIAL DWELLING Based on Average Assessment of the Taxing Authority

2025

Surrey

% Change

Langley Township

New Westminster

2025

Burnaby Coquitlam

Richmond Vancouver

2024

Average Assessment

$ 2,157,640 $ 1,789,496 1,511,423 $ $ 1,639,283 2,050,462 $ $ 2,678,306 $ 1,709,547 $ 1,741,553 -1.8%

Levies for Other Authorities School

1,746

2,186

1,831

1,610

1,866

2,102

2,393

1,722

1.4%

598

755 125

626 105

529

574 100

718 118

937 152

532

12.4%

BCA, MFA and Other

97

87

96

1.0% 3.9% 3.9% 3.9%

MVRD

3,066

2,562

2,226

2,540

2,938

3,482

2,441 2,872 5,313

2,350 2,764 5,114

Total Levies for Other Authorities

3,358

3,728

2,835

4,615

3,611

4,861

General Municipal

Total Taxes User Rates

6,424

6,290

5,061

7,155

6,549

8,343

1,650

888 739

1,710

1,960

4,393

2,075

2,468

1,420

16.2%

Total Res. User Fees

547

-

-

-

-

-

546

0.2%

Parcel Taxes

Total User Rates

1,627

1,710

1,960

4,393

2,075

2,468

2,197

1,966

11.7%

Total Taxes and User Rates

$

8,051

$

8,000

$

7,021

$

11,548

$

8,624

$ 10,811

$

7,510

$

7,080

6.1%

Source: City of Surrey Finance Department

2025 PROPERTY TAXES BY CLASS ASSESSMENT CODES Based on total taxes levied, including for other authorities, for the year 2025 ($1,133,889,483)

Source: City of Surrey Finance Department

City of Surrey | 2026—2030 Financial Plan | Financial Overview

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