Surrey Property Tax 2026 — Mill Rate 0.3108%

What is Surrey's 2026 property tax rate?

Surrey's 2026 residential mill rate is 0.3108% (0.00310828 as a decimal). On a $1,300,000 home this works out to $4,041 per year, or roughly $337 per month if your lender holds the tax in escrow. Source: https://www.surrey.ca/services-payments/taxes/property-tax-rates, last verified 2026-04-29.

When are Surrey property taxes due?

Surrey's 2026 property tax notice is due July 2 (first business day of July). Surrey's 2026 reminder notices is due September 2 and December 31. Surrey mails the tax notice at the end of May for a single annual payment. If the due date falls on a weekend or statutory holiday, payment on the next business day is accepted without penalty. The city asks for payment at least three days before the due date when paying by mail or bank. Source: https://www.surrey.ca/services-payments/property-taxes/paying-your-property-taxes, last verified 2026-08-26. Most lenders collect property tax monthly through PITI escrow rather than waiting for the city's due date.

How is my Surrey home assessed?

Your tax is calculated as assessed value × mill rate, not market value × mill rate. British Columbia uses a public assessment authority (BC Assessment, MPAC in Ontario, etc.) to set assessed values, usually updated every 1-4 years. Assessed value typically lags market value, so the same mill rate produces different effective burdens depending on assessment cycle timing.

Are Surrey property taxes deductible on my income tax return?

Property tax on your principal residence is NOT deductible federally or provincially. It only becomes deductible when the property generates rental income (line 9180 on T776) or self-employed business income (CCA / business-use-of-home on T2125). For a principal residence, the tax is a non-deductible cost of ownership.

Why does Surrey's mill rate differ from neighbouring cities?

Each Canadian municipality sets its own residential mill rate to fund local services — police, fire, transit, parks, road maintenance — plus a provincially-set education portion. Cities with higher assessed values can raise the same revenue at a lower mill rate (Vancouver, Toronto), while cities with lower assessed values often need higher rates to fund equivalent services. Compare Surrey with other British Columbia cities in the table above.