Surrey Property Tax Calculator
Surrey charges 0.3108% of assessed value for 2026. On a typical $936,004 home that is $2,909 a year — and it counts against your mortgage qualification every month.
Your assessment, not your purchase price — they are often different.
2026 total residential rate for Surrey.
How Surrey compares
| City | Rate | Typical home | Annual bill |
|---|---|---|---|
| Hamilton | 1.497% | $741,172 | $11,096 |
| Brampton | 1.201% | $888,203 | $10,664 |
| Mississauga | 1.034% | $1,014,120 | $10,485 |
| Ottawa | 1.227% | $683,308 | $8,385 |
| Toronto | 0.767% | $1,058,658 | $8,123 |
| Halifax | 1.197% | $577,503 | $6,913 |
| Winnipeg | 1.240% | $408,020 | $5,059 |
| Edmonton | 1.014% | $475,079 | $4,817 |
| Montreal | 0.661% | $645,000 | $4,263 |
| Quebec City | 0.825% | $508,000 | $4,191 |
| Calgary | 0.618% | $629,855 | $3,893 |
| Vancouver | 0.336% | $1,099,100 | $3,697 |
| Surrey | 0.311% | $936,004 | $2,909 |
Sorted by annual bill, which is what you actually pay — not by rate, which is what gets quoted.
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Your rate moves more money than your tax rate
Surrey property tax on a typical home is $2,909 a year. A quarter point on the mortgage for that same home is worth roughly $1,872 a year — and unlike the tax bill, it is negotiable.
See British Columbia ratesQuestions
What is the property tax rate in Surrey?
0.3108% of assessed value for 2026. On the average selling price of $936,004 that is about $2,909 a year, or $242 a month.
Does property tax affect how much I can borrow?
Directly. Property tax is part of your gross debt service ratio, so a higher municipal rate cuts your maximum mortgage. At 0.311% a $936,004 home uses about $242 a month of your ratio room before you have paid a cent of mortgage. See what that does to your affordability →
Is a low rate the same as a low bill?
No, and Surrey is a good illustration. Surrey has the lowest rate in this group at 0.311% but a typical home of $936,004, so the bill is $2,909. Hamilton charges 1.497% on a $741,172 home for $11,096. Rate and assessment move in opposite directions.
Should I let my lender collect it?
On an insured mortgage you usually have no choice — the lender collects it with your payment and remits it. With 20% or more down most lenders will let you pay the municipality directly, which keeps the money in your account longer. Neither option changes what you owe.
Rate: 2026 total residential rate, from a 2026 municipal rate aggregate updated 7 August 2026. Price basis: average selling price, July 2026, FVREB. Assessed value and market value are not the same thing. Your bill is based on the assessment.
The math is free. Acting on it is the point.
When you are ready to do something with these numbers, we will introduce you to a licensed broker who can put the file in front of lenders. Nothing here obliges you to.
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