City of Surrey 2017 - 2021 Financial Plan

Major Revenue Sources

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

2016

Surrey

New Westminster

Langley (Township)

% Change

Richmond Coquitlam Delta

2016

2015

Burnaby

Average Assessment

1,216,329 $

600,752 $

$

829,483

1,160,068 $

879,312 $

703,975 $

733,407 $

671,187 $

9.3%

1,216,329

600,752

829,483

1,160,068

879,312

703,975

733,407

671,187

9.3%

Levies School

1,693

1,064

1,387

1,670

1,360

1,086

1,184

1,166

1.5% -2.0% 1.2% 0.9% 6.7% 4.1%

BCA, MFA and Other

411

203

280

392

297

238

248

253

GVRD

61

31

47

59

47

38

37

37

2,164

1,298

1,714

2,121

1,704

1,361

1,469

1,456

General

2,447 4,612

1,942 3,240

2,835 4,549

2,383 4,503

2,460 4,164

2,279 3,640

1,891 3,360

1,772 3,227

Total Taxes

User Rates Total Res. User Fees

647 536

1,184

1,319

1,077

868 297

864

979 216

954 213

2.7% 1.4% 2.4%

Parcel Taxes

0

0

0

0

1,184

1,184

1,319

1,077

1,165

864

1,195

1,167

Total Taxes and User Rates

$

5,795

$

4,425

$

5,868

$

5,580

$

5,329

$

4,504

$

4,555

$

4,394

3.7%

Source: City of Surrey Property Tax Department

2016 PROPERTY TAXES BY CLASS ASSESSMENT CODES Based on total taxes collected for the year 2016 ($571,860,906.37)

0.1%

Class 1 - Residential (64.9%)

27.3%

Class 2 - Utilities (2.7%)

Class 4 - Major Industry (0.3%)

64.9%

Class 5 - Light Industry (4.7%)

4.7%

Class 6 - Business Other (27.3%)

0.3%

2.7%

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

Source: City of Surrey Property Tax Department

2017-2021 FINANCIAL PLAN

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