73 / 144
63
For the year ended December 31, 2016
[tabular amounts in thousands of dollars]
NOTESTOTHE CONSOLIDATED
CITY OF SURREY
FINANCIAL STATEMENTS
16.
TAXATION REVENUE
2016
2015
Tax collected:
Property taxes
$
297,206
$
275,392
Collections for other authorities
284,725
281,012
Drainage Parcel taxes
51,569
50,108
Grants-in-lieu of taxes
16,446
17,440
Other
642
520
650,588
624,472
Less transfers to other authorities:
Province of BC - School Taxes
215,746
212,851
Greater Vancouver Regional District
6,059
6,022
BC Assessment Authority
6,786
6,764
Greater Vancouver Transportation Authority
41,375
42,055
Other
14,759
13,320
284,725
281,012
Taxation revenue
$
365,863
$
343,460
17.
SIGNIFICANTTAXPAYERS
The City is not reliant upon the revenue from any specific large property taxpayers or businesses. Tax revenues received from the ten
largest properties amount to less than four percent of the City’s annual gross taxation revenues.