Surrey Property Tax Rate 2026
The residential rate, what it is made of and what it costs on a home
Surrey's 2026 residential property tax rate is 0.3427% of assessed value, up from 0.3108% in 2025 (+10.3%). A home assessed at $500,000 pays about $1,714 a year, and one at $1,000,000 about $3,427. It is the 6th lowest of the 21 British Columbia cities on this site, where the median is 0.3852%.
What the rate is made of
| Part | Rate | On a $500,000 home |
|---|---|---|
| Municipal (with roads and traffic levy) | 0.1843% | $921 |
| School (provincial) | 0.1135% | $567 |
| Metro Vancouver | 0.0053% | $27 |
| TransLink | 0.0359% | $179 |
| BC Assessment and MFA | 0.0038% | $19 |
| Total, 2026 | 0.3427% | $1,714 |
| Total, 2025 | 0.3108% | $1,554 |
Two flat charges, a $300 capital parcel tax and a $250.71 drainage parcel tax, are also on the 2026 tax notice and are not included in the rate.
Property tax at different home values
| Assessed value | Tax a year | A month |
|---|---|---|
| $400,000 | $1,371 | $114 |
| $600,000 | $2,056 | $171 |
| $800,000 | $2,742 | $228 |
| $1,000,000 | $3,427 | $286 |
| $1,500,000 | $5,141 | $428 |
| $2,000,000 | $6,855 | $571 |
British Columbia cities compared
| City | 2026 Rate | 2025 Rate | Change | Tax on $500,000 |
|---|---|---|---|---|
| Whistler | 0.2775% | 0.2603% | +6.6% | $1,388 |
| West Vancouver | 0.3239% | 0.2938% | +10.2% | $1,619 |
| District of North Vancouver | 0.3282% | 0.3033% | +8.2% | $1,641 |
| Burnaby | 0.3284% | 0.2977% | +10.3% | $1,642 |
| Vancouver | 0.3364% | 0.3118% | +7.9% | $1,682 |
| Surrey | 0.3427% | 0.3108% | +10.3% | $1,714 |
| City of North Vancouver | 0.3477% | 0.3218% | +8% | $1,738 |
| Richmond | 0.3538% | 0.3194% | +10.8% | $1,769 |
| Township of Langley | 0.3617% | 0.3349% | +8% | $1,808 |
| Port Coquitlam | 0.3775% | 0.3497% | +8% | $1,888 |
| Coquitlam | 0.3852% | 0.3515% | +9.6% | $1,926 |
| Delta | 0.3958% | 0.3660% | +8.1% | $1,979 |
| Port Moody | 0.4291% | 0.3939% | +8.9% | $2,146 |
| Abbotsford | 0.4521% | 0.4124% | +9.6% | $2,260 |
| Maple Ridge | 0.4536% | 0.4189% | +8.3% | $2,268 |
| Pitt Meadows | 0.4622% | 0.4222% | +9.5% | $2,311 |
| Kelowna | 0.4741% | 0.4449% | +6.6% | $2,370 |
| New Westminster | 0.4793% | 0.4364% | +9.8% | $2,397 |
| Victoria | 0.5656% | 0.5203% | +8.7% | $2,828 |
| Kamloops | 0.6854% | 0.6476% | +5.8% | $3,427 |
| Nanaimo | 0.7312% | 0.6909% | +5.8% | $3,656 |
All of them, with how assessment works in British Columbia, on the British Columbia property tax rates page.
Surrey Property Tax: Quick Answers
What is the property tax rate in Surrey?
0.3427% of assessed value for a home in 2026, as described below. It is made up of municipal (0.1843%), school (0.1135%), Metro Vancouver (0.0053%), TransLink (0.0359%) and BC Assessment and MFA (0.0038%).
How much is property tax on a house in Surrey?
About $1,714 a year on a home assessed at $500,000, $2,570 at $750,000 and $3,427 at $1,000,000.
How is property tax calculated in Surrey?
The city multiplies the home's assessed value by the rate: $500,000 × 0.3427% = $1,714. B.C. assesses homes every year at their market value of the July before.
Did property tax go up in Surrey in 2026?
The rate went up 10.3%, from 0.3108% in 2025 to 0.3427%. A bill also changes with the home's assessment.
Work out your own numbers
- Property tax estimator: the tax on your home's assessed value
- Annual cost of ownership calculator: property tax with insurance, utilities and upkeep
- Understanding property taxes before you buy
- Income needed to buy a home in each city, with property tax in the monthly cost
Other provinces
Source: Surrey, 2026 tax rates; 2025 tax rates. Rates are for a residential home and include the school or education tax; flat fees on the same bill are not included.
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