According to a report at a finance committee meeting, homeowners were facing a 17.5 per cent rate hike. That might change to 12.5 per cent
At a finance committee meeting on Monday, council voted to send a five-year budget proposal back to staff to revise a pending tax hike from 17.5 per cent to no more than 12.5 per cent.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“As a result, we are now in a position to revise the budget and bring the overall property tax rate down.” Locke claimed an overall 12.5-per-cent property tax increase would keep Surrey “in the bottom third of property taxes in the Metro region.”
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