City of Surrey's 2024 Annual Financial Report

STATISTICAL REVIEW

Taxable Assessment and Property Tax Notice Statistics

Source: City of Surrey Finance Department

2024

2020

2021

2022

2023

Taxable Assessment (in thousands) Total Number of Assessed Properties Population (Revised 2020-2023) Taxable Assessment Per Capita Percentage of Taxable Assessment Represented by: Residential

$ 266,700,983

$ 162,045,304

$ 170,055,350

$ 220,919,861

$ 256,351,347

174,092

163,360

165,514

168,761

170,863

623,984 427,416

587,632

590,273 288,969

600,342 367,525

611,211 419,918

$

$

279,215 $

$

$

82.1%

84.9%

84.9%

84.9%

83.6%

0.1% 0.1% 3.6%

Utilities

0.1% 0.1% 2.3%

0.1% 0.1% 2.6%

0.1% 0.1% 2.7%

0.1% 0.1% 3.1%

Major Industrial Light Industrial Business / Other

13.9%

12.4%

12.2%

12.2%

13.1%

0.2% 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

$

1,257,063 1,216,727

$

801,021 795,153

$

933,856 917,965

$

1,010,287

$

1,140,154 1,111,990

Current Taxes Collected Current Taxes Outstanding

988,771

$

40,336

$

5,868

$

15,891

$

21,516 $

28,164

96.8%

Percentage of Taxes Collected

99.3%

98.3%

97.9%

97.5%

$

2,015

Levy per Capita

$

1,384 $

1,582

$

1,683 $

1,865

* 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

Assessment for Taxation (in billions)

Source: City of Surrey Finance Department

$300

$267

$250

$256

$221

$200

$170

$162

$150

$100

$50

$0

2020

2021

2022

2023

2024

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