Many homes in the lower mainland have seen their tax bill increase drastically but that does that mean for you? I’ve included some useful information below to allow you to calculate your 2017 property taxes if you are living in Langley or Surrey. I’ve taken the information from the City of Surrey web site and the Township of Langley’s web sites.
I have expressed the tax calculations below as a total without the homeowners grant. You can subtract the homeowners grant that applies to you.
Property Tax Homeowner Grant
Your Property’s Value & Location: If your property has an assessedor partitioned value of $1,200,000 or less, the home owner grant may reduce your taxes up to $570 or, if it’s located in a northern and rural area, up to $770 or if you are 65 years or older the grant will be up to $845.00
If you meet all requirements but your property’s assessed or partitioned value is over $1,200,000, you may qualify for the grant at a reduced amount.
The grant is reduced by $5 for each $1,000 of assessed value over $1,200,000. This means the grant isn’t available for properties assessed over $1,314,000 ($1,354,000 in a northern and rural area).
For more information on the homeowner grant go to:
Surrey Tax Rates
If you live in Surrey then your residential property tax rate for 2017 is 4.44468 per thousand dollars of assessed value. Then you add on your utility rate (see chart below).
To calculate: Assessed value of home X 0.0044468 + the utility rate that applies from the table below.
For example if I owned a condo worth $200,000 then I would multiply $200,000 x .0044468 + 550 for strata sewer and water combined. My total would be $1,439.36.
Single Family Home
House with Suite
Strata (multi family)
For more information regarding the City of Surrey 2017 taxes go to:
Township of Langley tax rates:
The township of Langley has an easy to use property tax estimator online. All you have to do is input your assessed value and it will calculate the total. Below is a link. The taxes are estimated as the gross and you can subtract any grant you qualify for from the total.