2016-2020_Financial_Plan

COMMUNITY PROFILE

TAXES, UTILITIES & ASSESSMENTS

2016-2020 FINANCIAL PLAN

TAXES

The Property Tax and Utilities section generates property tax and utility bills using the

current tax and utility rates approved by Council and the assessed market values

provided by BC Assessment. Tax rates are based on the use of the property. The

section is also responsible for collecting taxes for other authorities such as the Greater

Vancouver Regional District, the Municipal Finance Authority, BC Assessment, the BC

Ministry of Finance (School Tax), and TransLink. Each taxing authority within the region

sets its own tax rates. The 2016 tax rates (per $1,000 of assessed value) for the most

common uses are as follows:



Residential

$4.44



Business

$13.93



Light Industrial

$13.46

Surrey property taxes are due on July 2nd each year. Late payments are subject to a 5%

penalty if not paid by July 2nd and a further 5% penalty if not paid by September 2nd.

Property Tax and Utilities Section

City of Surrey

13450 104th Avenue

Surrey, BC V3T 1V8

604-591-4181

UTILITIES

Utility charges for water and sewer are billed on a utility bill, separate from utility

charges for waste collection, which are billed on the Property Tax Notice. In 1998, the

City introduced water metering to all newly constructed residential and commercial

properties. In 2000, a voluntary metering program began, which allowed for previously

built residential properties to have meters installed on request. The majority of single

family homes now have a water meter and all commercial and industrial properties are

metered. Currently, there are over 63,100 water meters installed throughout the City.

This is a giant step towards a full “user pay” system.

Water and sewer utilities for residential properties are classified in two billing categories,

metered and annual.

Metered utility accounts

are billed every four months (three times a year) and are based

on a meter consumption. Payments are due by the 2nd of the following month and late

payments are subject to a 5% penalty.