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Major Revenue Sources
2017-2021 FINANCIAL PLAN
2016 Assessment Roll andTaxation Comparison
The charts above represent assessment values and property taxes. Assessed values are
divided by 1,000 and then multiplied by the applicable tax rate to determine the annual
tax levy. As shown, residential assessment values represent approximately 86% of total
assessment value in the City but generate only 65% of the property tax revenue.
Source: City of Surrey Property Tax Department
Residential
86.1%
Business
11.4%
Industrial
2.3%
Other
0.3%
2015 Assessment
Residential
86.2%
Business
11.4%
Industrial
2.2%
Other
0.2%
2016 Assessment
Residential
65.0%
Business
27.0%
Industrial
5.1%
Other
2.9%
2015 Taxation
Residential
64.9%
Business
27.3%
Industrial
5.0%
Other
2.8%
2016 Taxation
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