City of Surrey's 2023 Annual Financial Report

STATISTICAL REVIEW

Taxable Assessment and Property Tax Notice Statistics

Source: City of Surrey Finance Department

2023

2019

2020

2021

2022

Taxable Assessment (in thousands) Total Number of Assessed Properties

$ 256,351,347

$ 163,008,550

$ 162,045,304

$ 170,055,350

$ 220,919,861

170,863

160,831

163,360

165,514

168,761

610,480 419,918

Population

571,610

580,360

588,490 288,969

601,101 367,525

$

Taxable Assessment Per Capita

$

285,174 $

279,215 $

$

Percentage of Taxable Assessment Represented by: Residential

83.6%

86.9%

84.9%

84.9%

84.9%

0.1% 0.1% 3.1%

Utilities

0.1% 0.1% 2.0%

0.1% 0.1% 2.3%

0.1% 0.1% 2.6%

0.1% 0.1% 2.7%

Major Industrial Light Industrial Business / Other

13.1%

10.8%

12.4%

12.2%

12.2%

0.1% 0.0%

Non-Profit Recreation

0.1% 0.0%

0.1% 0.0%

0.1% 0.0%

0.1% 0.0%

Farm

100.0%

100.0%

100.0%

100.0%

100.0%

Gross Taxes Collected (in thousands)* Current Year's Levy

$

1,140,154 1,111,990

$

807,429 791,112

$

801,021 795,153

$

933,856 917,965

$

1,010,287

Current Taxes Collected Current Taxes Outstanding

988,771

$

28,164

$

16,317

$

5,868

$

15,891

$

21,516

97.5%

Percentage of Taxes Collected

98.0%

99.3%

98.3%

97.9%

$

1,868

Levy per Capita

$

1,413 $

1,380

$

1,587

$

1,681

* Gross Taxes Collected includes all items on the Property Tax Notices: City taxes, garbage rates and secondary suite fees plus collections for other authorities, such as School, TransLink and Metro Vancouver Regional District. Assessment for Taxation - pg 17

Assessment for Taxation (in billions)

Source: City of Surrey Finance Department

$300

$250

$256

$221

$200

$170

$163

$162

$150

$100

$50

$0

2019

2020

2021

2022

2023

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