City of Surrey 2016 Annual Report

NOTESTOTHE CONSOLIDATED CITY OF SURREY  FINANCIAL STATEMENTS

For the year ended December 31, 2016 [tabular amounts in thousands of dollars]

16. TAXATION REVENUE

2015

2016

Tax collected:

Property taxes

$

275,392 281,012 50,108 17,440

$

297,206 284,725 51,569 16,446

Collections for other authorities

Drainage Parcel taxes Grants-in-lieu of taxes

Other

520

642

624,472

650,588

Less transfers to other authorities: Province of BC - School Taxes

212,851

215,746

Greater Vancouver Regional District

6,022 6,764

6,059 6,786

BC Assessment Authority

Greater Vancouver Transportation Authority

42,055 13,320 281,012 343,460

41,375 14,759 284,725 365,863

Other

$

Taxation revenue

$

17. SIGNIFICANTTAXPAYERS

The City is not reliant upon the revenue from any specific large property taxpayers or businesses. Tax revenues received from the ten largest properties amount to less than four percent of the City’s annual gross taxation revenues.

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