Surrey property tax for a home is your assessed value divided by 1,000, multiplied by the total residential rate. For 2026, that total rate is $3.42731 per $1,000 of assessed value, so a home assessed at $1,000,000 pays about $3,427 before the $300 capital parcel tax and any Home Owner Grant. The 2026 taxes were due July 2, with a 5% penalty on anything unpaid after that date. This guide covers the rates, the grant, deferment, your assessment and the other charges on your bill.
Property tax matters whether you own now, plan to buy, or are thinking about selling. Buyers should budget for it from day one, and sellers often get asked about it by buyers. If you have questions about how taxes affect a purchase or sale, a Surrey realtor on our team can walk you through the numbers for a specific home.
How Surrey property tax is calculated
Every residential property in Surrey is taxed using the same formula:
Assessed value ÷ 1,000 × total residential tax rate = property tax
The assessed value comes from BC Assessment and appears on the notice mailed in January. The tax rate is set each spring once the City of Surrey and the other taxing authorities finalize their budgets. The City collects the full amount, but more than 65% of what it collects is passed on to other authorities, including the Province for schools, TransLink, Metro Vancouver and BC Assessment.
For 2026, Surrey Council approved a 2.6% general property tax increase. The City estimates the City portion of that increase at about $75 a year for the average single family home.
Surrey's 2026 residential tax rates
These are the City of Surrey's 2026 rates for residential (Class 1) property, per $1,000 of assessed value:
| Component | 2026 rate per $1,000 |
|---|---|
| Police services | 0.85267 |
| Fire services | 0.28866 |
| Bylaw services | 0.03943 |
| Parks, recreation and culture | 0.22188 |
| General | 0.28683 |
| Roads and traffic | 0.15304 |
| Municipal total | 1.84251 |
| School (Province of BC) | 1.13480 |
| TransLink | 0.35860 |
| Metro Vancouver Regional District | 0.05310 |
| BC Assessment | 0.03810 |
| Municipal Finance Authority | 0.00020 |
| Other authorities total | 1.58480 |
| Total residential rate | 3.42731 |
On top of the rate-based tax, every residential property pays a flat capital parcel tax of $300 in 2026, collected with property taxes. Homes assessed at $3 million or more may also owe the provincial additional school tax.
Worked examples for 2026
Here is what the 2026 rates mean at four assessed values. The table adds the $300 capital parcel tax and shows the result with the regular Home Owner Grant ($570) and the additional grant for seniors, veterans and people with disabilities ($845).
| Assessed value | Rate-based tax | Plus $300 parcel tax | After regular grant | After additional grant |
|---|---|---|---|---|
| $800,000 | $2,741.85 | $3,041.85 | $2,471.85 | $2,196.85 |
| $1,000,000 | $3,427.31 | $3,727.31 | $3,157.31 | $2,882.31 |
| $1,500,000 | $5,140.97 | $5,440.97 | $4,870.97 | $4,595.97 |
| $2,100,000 | $7,197.35 | $7,497.35 | $7,052.35 (grant $445) | $6,777.35 (grant $720) |
The $2,100,000 row shows the partial grant. Above the 2026 threshold of $2,075,000, the grant drops by $5 for every $1,000 of extra value. These figures leave out utilities and other user fees, which are billed separately, so your actual notice will be higher. Always check your own notice for the exact amount.
When are taxes due, and what are the penalties?
Surrey's property tax due date is midnight on July 2. In 2026, July 2 fell on a Thursday. If the date lands on a weekend or statutory holiday, the City accepts payment the next business day without penalty. Tax notices are mailed in the last week of May.
- First penalty: 5% of any amount unpaid after July 2.
- Second penalty: a further 5% on anything still unpaid after September 2.
On a $1,000,000 home, missing the deadline on the full rate-based tax would add about $171 at the first penalty alone. You can pay through online banking, at your bank, through your mortgage lender, or in person at City Hall. Surrey does not accept credit cards for property taxes.
If you prefer to spread the cost, Surrey's free Pre-Authorized Pre-Payment Plan collects payments monthly from August 1 to May 1 toward the next year's taxes. You still need to pay any remaining balance, and claim your grant, by the due date each year.
Claiming the Home Owner Grant in 2026
The Home Owner Grant reduces the property tax on your principal residence. In Metro Vancouver, the Fraser Valley and the Capital Regional District, the 2026 amounts are:
- Regular grant: up to $570.
- Additional grant: up to $845 in total for owners 65 or older, veterans, people with disabilities, and those living with a relative with a disability.
- Threshold: $2,075,000 for 2026, down from $2,175,000 in 2025. The regular grant reaches $0 at $2,189,000 and the additional grant at $2,244,000.
To qualify, you must be a registered owner who is a Canadian citizen or permanent resident, live in BC, and occupy the home as your principal residence. You must apply every year. Surrey no longer takes applications, so apply online through the Province at gov.bc.ca/homeownergrant, at a ServiceBC centre, or by phone at 1-888-355-2700. Apply by July 2 to avoid late penalties on the grant amount. If your grant is refused after you short-paid your bill, penalties can apply to the balance.
One change ahead: from January 1, 2027, the regular grant becomes $570 across the whole province. For Surrey owners, the amount stays the same.
Deferring your property taxes
The Province's property tax deferment program is a low-interest loan that pays your property taxes on your principal residence. The Province pays your taxes after the due date and places a lien on the property, which limits changes to the title until the loan is repaid. You can repay all or part of the loan at any time. There are two options:
- Regular program: for owners 55 or older, surviving spouses, and people with disabilities. You need at least 25% equity based on assessed value.
- Families with children program: for eligible owners who are supporting a child. You need at least 15% equity.
For taxes deferred for 2026 and later, both programs charge compound interest at prime plus 2%, set quarterly. From October 1 to December 31, 2026, that rate is 6.45%. The regular program has a $60 fee the first year and a $10 fee for each renewal, and you must renew every year. Applications open May 1 and close December 31. Note that user fees such as garbage, recycling and suite fees cannot be deferred, and you still need to claim your grant.
Your BC Assessment and how to appeal
Your assessment notice arrives in early January and shows the market value of your home as of July 1 of the previous year. Since your tax is calculated from that value, it is worth checking that the details are right: lot size, square footage, number of bathrooms and whether there is a suite.
If you disagree, you can file a complaint with the Property Assessment Review Panel. The usual deadline is January 31, pushed to the next business day if it falls on a weekend. For 2026 assessments, the deadline was February 2, 2026. The 2027 notices will arrive in January 2027, so mark the date now if you plan to review yours.
Our guide to BC Assessment vs market value explains why your assessment and your home's selling price are often different.
Other charges on your Surrey tax bill
- Utilities: annual utility charges are billed alongside property taxes.
- Secondary suite fee: in 2026, Surrey charges $893 per suite or additional dwelling unit, such as a basement suite or coach house. A suite that has not been declared can face a $1,000 fee per suite once identified, plus the tax and utility charges.
- Capital parcel tax: the flat $300 for residential properties covered above.
Property tax is a yearly cost, unlike property transfer tax, which you pay once when you buy. Our BC property transfer tax guide covers that side, and our Surrey real estate page explains how the wider market is moving.
Curious what your home would sell for compared with its assessed value? Get a free home valuation from a Surrey realtor who prices homes here every week. Call The Oberoi Group at 604-385-3770 or book a free 15-minute call.
Frequently asked questions
What is Surrey's residential property tax rate for 2026?
The total 2026 residential rate is $3.42731 per $1,000 of assessed value, including the City and other authorities such as school tax and TransLink. A flat $300 capital parcel tax is added.
How much property tax is paid on a $1 million home in Surrey?
At 2026 rates, about $3,427 plus the $300 capital parcel tax, or $3,157 after the $570 regular Home Owner Grant. Utilities and other fees are extra.
Can I pay Surrey property tax by credit card?
No. Surrey does not accept credit cards for property taxes or utilities. Online banking, your bank, your mortgage lender or paying in person at City Hall all work.
Do I have to apply for the Home Owner Grant every year?
Yes. The grant must be claimed every year, online through the Province, at a ServiceBC centre or by phone at 1-888-355-2700.
What is the 2026 Home Owner Grant threshold?
The 2026 threshold is $2,075,000. Above it, the grant falls by $5 for each $1,000 of assessed value.
When do BC Assessment notices arrive?
Notices are mailed in early January and show market value as of July 1 of the previous year. Appeals are due by January 31, or the next business day if that falls on a weekend.
Sources
Rates, thresholds and program rules in this article were checked against these official pages on October 22, 2026. Rules change, so confirm current details before you act.
- City of Surrey: 2026 property tax rates
- City of Surrey: paying your property taxes
- City of Surrey: applying for a Home Owner Grant
- City of Surrey: Tax Matters 2026
- City of Surrey: city budget
- Province of BC: Home Owner Grant
- Province of BC news release: 2026 Home Owner Grant threshold
- Province of BC: property tax deferment program
- Province of BC: deferment interest rates
- Province of BC: deferment eligibility
- Province of BC: deferment renewal
- BC Assessment: appeal guide