COS Financial Plan 2018 - 2022

MAJOR REVENUE SOURCES

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

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

2017

Surrey

New Westminster

Langley (Township)

% Change

Richmond Coquitlam Delta

2017

2016

Burnaby

1,648,485 $ 1,648,485

821,941 $

1,118,416 $

1,666,820 $ 1,666,820

1,194,548 $ 1,194,548

1,017,542 $ 1,017,542

1,030,793 $ 1,030,793

733,407 $ 40.5% 733,407 40.5%

Average Assessment

821,941

1,118,416

Levies School

1,818

1,126

1,492

1,886

1,459

1,198

1,296

1,184

9.5% 9.2%

BCA, MFA and Other

434

214

294

439

314

378

271

248

GVRD

67

35

52

69

52

44

43

37 14.5%

2,319 2,617 4,935

1,374 2,021 3,395

1,838 3,066 4,904

2,394 2,621 5,014

1,825 2,587 4,412

1,621 2,375 3,995

1,609 2,053 3,662

1,469 1,891 3,360

9.6% 8.6% 9.0%

General

Total Taxes

User Rates Total Res. User Fees

946 541

1,214

1,386

1,174

777 397

1,035

986 221

979 216

0.7% 2.3% 1.0%

Parcel Taxes

0

0

0

0

1,488

1,214

1,386

1,174

1,174

1,035

1,207

1,195

Total Taxes and User Rates

$

6,423

$

4,609

$

6,289

$

6,188

$

5,586

$

5,030

$

4,869

4,555 $

6.9%

Source: City of Surrey Finance Department

2017 PROPERTY TAXES BY CLASS ASSESSMENT CODES Based on total taxes collected for the year 2017 ($613,330,887.72)

0.1%

27.2%

Class 1 - Residential (65.1%)

Class 2 - Utilities (2.5%)

Class 4 - Major Industry (0.3%)

Class 5 - Light Industry (4.7%)

65.1%

4.7%

Class 6 - Business Other (27.2%)

0.3%

Class 8 - Recreational Property, Non-profit Organization (0.1%)

2.5%

Source: City of Surrey Finance Department

the future lives here.

2018-2022 Financial Plan

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