Released Monday, the City of Surrey’s proposed budget shows how much more property owners may be asked to pay in 2021.
Despite the financial challenges many faced due to COVID-19 this year, the city is suggesting property owners pay more in property taxes in the new year, and on top of the hike, they may pay an
extra $200. The plan suggests extra charges to property owners would help it achieve a fully balanced budget.
City staff suggest homeowners pay 2.9 per cent more on property taxes in the coming year – the same increase as in 2020 and 2019.
Additionally, the city suggests residents pay a capital parcel tax increase of $200.
A parcel tax is a flat rate charged to all properties where residents are receiving or have the opportunity to receive a specific service
Read more on the proposed budget on the city’s website.