City of Surrey 2020-2024 Financial Plan

MAJOR REVENUE SOURCES

2019 Assessment Roll and Taxation Comparison

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 87% of total assessment value in the City but generate only 65 to 66% of the property tax revenue.

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