City of Surrey's Annual Financial Report 2021

STATISTICAL REVIEW

Taxable Assessment and Property Tax Notice Statistics

Source: City of Surrey Finance Department

2021

2017

2018

2019

2020

$ 170,055,350

Taxable Assessment (in thousands) Total Number of Assessed Properties

$ 131,669,363

$ 150,039,107

$ 163,008,550

$ 162,045,304

165,514

157,784

157,594

160,831

163,360

588,490 288,969

Population

549,440 239,643

557,390

571,610

580,360 279,215

$

Taxable Assessment Per Capita

$

$

269,182 $

285,174 $

Percentage of Taxable Assessment Represented by: Residential

84.9%

87.8%

87.5%

86.9%

84.9%

0.1% 0.1% 2.6%

Utilities

0.1% 0.1% 1.8%

0.1% 0.1% 1.9%

0.1% 0.1% 2.0%

0.1% 0.1% 2.3%

Major Industrial Light Industrial Business / Other

12.2%

10.1%

10.3%

10.8%

12.4%

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

$

933,856 917,965 15,891

$

716,595 703,856

$

761,023 746,634

$

807,429 791,112

$

801,021 795,153

Current Taxes Collected Current Taxes Outstanding

$

$

12,739

$

14,389

$

16,317

$

5,868

98.3%

Percentage of Taxes Collected

98.2%

98.1%

98.0%

97.9%

Levy per Capita 1,587 * 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. $ 1,304 $ 1,365 $ 1,413 $ 1,380 $

Assessment for Taxation

Assessment for Taxation (in billions)

Source: City of Surrey Finance Department

$180

$170

$160

$163

$162

$150

$140

$132

$120

$100

$80

$60

$40

$20

$0

2017

2018

2019

2020

2021

99