Surrey property tax

Residential (Class 1) rates per $1,000 of assessed value from Province of BC Local Government Statistics, Schedule 702. Hospital is 0 in Schedule 702 for Surrey. 'Other' combines TransLink, BC Assessment and Municipal Finance Authority. Not included: the City's Capital Parcel Tax (Class 1: $300.00) and drainage parcel taxes, which are flat charges collected with property taxes. City of Surrey 2026 schedule, Residential (Class 1): Police Services 0.85267, Fire Services 0.28866, Bylaw Services 0.03943, Parks, Recreation & Culture 0.22188, General 0.28683 (General Municipal Total 1.68947), Roads & Traffic 0.15304, Municipal Total 1.84251; Metro Vancouver Regional District 0.05310; Municipal Finance Authority 0.00020; BC Assessment 0.03810; School 1.13480; TransLink 0.35860; Other Authorities Total 1.58480; Total tax rates 3.42731 (matches Schedule 702).

Rates as published for the residential class. Bills can also include fixed charges, local improvement levies and utility fees that are not based on assessed value.

Surrey's total residential rate of 0.3427% is below the 0.4794% average of the 28 British Columbia municipalities we cover. A lower rate does not always mean a lower bill: tax = assessed value × rate, so cities with high home values often have lower rates.

Rates are the residential rates in each city's latest confirmed year. All British Columbia municipalities · National rankings

From Surrey's official property tax pages (sources 12, 11). Check your bill for the exact amounts and dates.

These programs are run by the city or the province. Eligibility is decided by the organization that runs each one; follow the links for the official rules.

• Home owner grant

  Provincial grant that reduces property tax on a principal residence; apply online with the Province once the May tax notice arrives, by July 2, to avoid late penalties on the grant amount. Run by Province of BC (the City of Surrey no longer accepts grant applications).

• Property tax deferment (Regular Program and Families with Children Program)

  Provincial program to defer property taxes; all applications and renewals are online with the Province (the City does not accept paper applications). User fees (water, sewer, waste, secondary suite fees) cannot be deferred and the home owner grant must still be claimed. Run by Province of BC.

• Home owner grant

  The B.C. home owner grant reduces the property taxes owners pay on their principal residence. For 2026 the full grant is available on properties assessed at $2,075,000 or less, with a higher additional grant for seniors, veterans and people with disabilities.

• Low income grant supplement for seniors

  A B.C. supplement for low-income seniors whose home owner grant is reduced or eliminated because their home is assessed above the $2,075,000 grant threshold. Most recipients get a cheque for $845 ($1,045 in a northern or rural area) for 2026.

• Property tax deferment program

  B.C.'s property tax deferment program is a provincial loan that pays an eligible owner's current-year property taxes, secured by a lien on the home. Taxes deferred for 2026 and later carry compound interest at prime plus 2%, 6.45% throughout 2026.

• Capital Parcel Tax in force 2026

  Flat parcel tax collected with property taxes: Class 1, 8, 9: $300.00; Class 2: $1500.00; Class 4: $650.00; Class 5, 6: $450.00. Drainage parcel taxes are also collected with property taxes.

• Speculation and vacancy tax (provincial) in force 2026

  Provincial tax (Province of BC) on residential property in designated taxable areas; the Province lists the Metro Vancouver Regional District, including the City of Surrey, as a taxable area. Rates for the 2026 calendar year: 3% for foreign owners and untaxed worldwide earners; 1% for Canadian citizens or permanent residents who are not untaxed worldwide earners (2019 to 2025: 2% and 0.5%). Effective January 1, 2027: 4% and 1%.

• Additional school tax (provincial) in force 2026

  Provincial additional school tax on residential properties assessed at $3 million and over: 0.2% on the residential portion assessed between $3 million and $4 million; 0.4% on the residential portion over $4 million. BC Assessment determines if it applies.

• B.C. speculation and vacancy tax

  The speculation and vacancy tax is an annual provincial tax on residential property in designated areas of B.C., based on how each owner used the property during the year and on the owner's residency and income. Every owner on title in a taxable area must declare by March 31, even when an exemption applies.