COS Financial Plan 2018 - 2022

MAJOR REVENUE SOURCES

2017 Assessment Roll and Taxation Comparison

2016 Assessment

2017 Assessment

Residential 86.2%

Residential 86.2%

Business 10.1%

Business 11.4%

Other 0.2%

Industrial 1.9%

Industrial 2.2%

Other 0.2%

2017 Taxation

2016Taxation

Residential 64.9%

Residential 65.0%

Business 27.2%

Business 27.3%

Other 2.7%

Industrial 5.0%

Other 2.8%

Industrial 5.0%

Source: City of Surrey Finance Department

The charts above represent assessment values and property taxes. 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 86% of total assessment value in the City but generate only 65% of the property tax revenue.

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2018-2022 Financial Plan

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