The City of Surrey’s property tax revenue increased 68 per cent between 2005-2013, from $174 million to $293 million.
This escalation is completely out of line with inflation and population growth over the same time frame:
Since the 2011 election, property taxes have risen by the same amount each year:
2012 Budget – 2.9 per cent 2013 Budget – 2.9 per cent 2014 Budget – 2.9 per cent
According to the Surrey Board of Trade, “This figure is generally at the high end of our local large Metro Vancouver cities for the 2014 year.”
Freeze property taxes for the first 2 years of the 4-year term.
