City of Surrey's 2025 Annual Financial Report

STATISTICAL REVIEW

Taxable Assessment and Property Tax Notice Statistics

Source: City of Surrey Finance Department

2025

2021

2022

2023

2024

Taxable Assessment (in thousands) Total Number of Assessed Properties Population (Revised 2021-2024) Taxable Assessment Per Capita Percentage of Taxable Assessment Represented by: Residential

$ 266,754,230

$ 170,055,350

$ 220,919,861

$ 256,351,347

$ 266,700,983

179,498

165,514

168,761

170,863

174,092

707,720 376,921

590,273 288,969

600,342 367,525

611,211 419,918

623,984 427,416

$

$

$

$

$

82.0%

84.9%

84.9%

83.6%

82.1%

0.1% 0.1% 3.9%

Utilities

0.1% 0.1% 2.6%

0.1% 0.1% 2.7%

0.1% 0.1% 3.1%

0.1% 0.1% 3.6%

Major Industrial Light Industrial Business / Other

13.7%

12.2%

12.2%

13.1%

13.9%

0.2% 0.0%

Non-Profit Recreation

0.1% 0.0%

0.1% 0.0%

0.1% 0.0%

0.2% 0.0%

Farm

100.0%

100.0%

100.0%

100.0%

100.0%

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

$

1,318,672 1,267,756

$

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

$

50,916

$

5,868

$

15,891

$

21,516 $

28,164

96.1%

Percentage of Taxes Collected

99.3%

98.3%

97.9%

97.5%

Levy per Capita 1,863 * 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. $ 1,384 $ 1,582 $ 1,683 $ 1,865 $

Assessment for Taxation

Assessment for Taxation (in billions)

Source: City of Surrey Finance Department

$300

$267

$267

$250

$256

$221

$200

$170

$150

$100

$50

$0

2021

2022

2023

2024

2025

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