Capital parcel tax biggest culprit in massive Surrey tax increase
Property taxes in Surrey jumped by far more than the 2.9 per cent claimed by Mayor Doug McCallum. The biggest culprit is the capital parcel tax, which jumped by 200 per cent for every single property in the city. This is steep - and regressive. Many Surrey residents are upset about the boost in their property taxes. Some say they have gone up 15 to 20 per cent - a far cry from Mayor Doug McCallum’s claim that they were only boosted a modest 2.9 per cent. Property taxes are complex although Surrey, to its credit, breaks down the portion collected for its operations quite specifically. Not all municipalities do so. The Surrey property tax bill also includes a significant amount for schools, as well as small amounts for B.C. Assessment Authority, Metro Vancouver and TransLink. There is no doubt that McCallum’s claim was misleading, right from the moment council adopted its 2021 budget. A 200 per cent increase in the parcel tax, from $100 to $300, ensured that everyone’s taxes would rise f...