City of Surrey Financial Plan 2020-2024
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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