City of Surrey's 2022-2026 Financial Plan

MAJOR REVENUE SOURCES

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

2021

Surrey

% Change

Langley Township

New Westminster

2021

2020

Burnaby

Richmond Coquitlam Delta

Average Assessment 1,523,022 $

1,029,974 $

1,174,085 $

1,535,350 $

1,240,202 $

1,028,316 $

1,166,370 $

1,109,084 $

5.2%

Levies

1,698

1,270

1,490

1,764

1,469

1,222

1,393

1,359

2.5% 7.0%

School

457

309

352

460

372

414

350

327

BCA, MFA and Other

82

57

69

84

70

58

63

55

14.5%

MVRD

2,237 2,590 4,827

1,636 2,281 3,917

1,911 3,322 5,233

2,308 2,846 5,154

1,911 2,789 4,700

1,694 2,599 4,293

1,806 2,179 3,985

1,741 2,093 3,834

3.7% 4.1% 3.9%

General

Total Taxes User Rates

742 563

1,407

3,470

1,415

931 483

1,157

1,178

1,136

3.7%

Total Res. User Fees

-

-

-

-

529

327

61.8% 16.7%

Parcel Taxes

Total User Rates Total Taxes and User Rates

1,305

1,407

3,470

1,415

1,414

1,157

1,707

1,463

$

6,132

$

5,324

$

8,703

$

6,569

$

6,114

$

5,450

$

5,692

$

5,297

7.5%

Source: City of Surrey Finance Department

2021 PROPERTY TAXES BY CLASS ASSESSMENT CODES Based on total taxes levied, including for other authorities, for the year 2021 ($781,542,754.11)

0.1%

Class 1 - Residential (64.4%)

27.1%

Class 2 - Utilities (2.7%)

Class 4 - Major Industry (0.7%)

Class 5 - Light Industry (5.0%)

5.0%

Class 6 - Business Other (27.1%)

0.7%

64.4%

2.7%

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

Source: City of Surrey Finance Department

City of Surrey | 2022—2026 Financial Plan | Financial Overview

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