City of Surrey's Annual Financial Report 2020

STATISTICAL REVIEW

Taxable Assessment and Property Tax Notice Statistics

Source: City of Surrey Finance Department

2020

2016

2017

2018

2019

Taxable Assessment (in thousands) Total Number of Assessed Properties

$ 162,045,304

$ 96,956,178

$ 131,669,363 $ 150,039,107

$ 163,008,550

163,360

153,874

157,784

157,594

160,831

580,360

Population

539,630

549,440

557,390

571,610

$ 279,215

Taxable Assessment Per Capita

$ 179,672 $ 239,643

$ 269,182

$ 285,174

Percentage of Taxable Assessment Represented by: Residential

84.9%

86.2%

87.8%

87.5%

86.9%

0.1% 0.1% 2.3%

Utilities

0.1% 0.1% 2.0%

0.1% 0.1% 1.8%

0.1% 0.1% 1.9%

0.1% 0.1% 2.0%

Major Industrial Light Industrial Business / Other

12.4%

11.4%

10.1%

10.3%

10.8%

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

$ 801,021

$ 671,038

$ 716,595

$ 761,023

$ 807,429

Current Taxes Collected Current Taxes Outstanding

659,284

703,856

746,634

791,112

784,283

$ 16,738

$

11,754

$

12,739

$ 14,389

$ 16,317

97.9%

Percentage of Taxes Collected

98.2%

98.2%

98.1%

98.0%

Levy per Capita $ 1,380 * Gross Taxes Collected includes all items on the Property Tax Notices: City taxes, garbage and secondary suite levies plus collections for other authorities, such as School, TransLink and Metro Vancouver Regional District. Assessment for Taxation $ 1,244 $ 1,304 $ 1,365 $ 1,413

Assessment for Taxation (in billions)

Source: City of Surrey Finance Department

$180

$160

$163

$162

$150

$140

$132

$120

$100

$97

$80

$60

$40

$20

$0

2016

2017

2018

2019

2020

107