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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