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Financials
Residents of Surrey are facing a financial storm as utility rates and taxes are set to increase significantly in 2025. The city council has approved major hikes in sewer rates, water, and other utility services, alongside a modest general property tax increase. This article will delve into the specifics of these changes and what they mean for homeowners and businesses in Surrey.
One of the most substantial impacts on Surrey residents is the rise in utility rates. The Metro Vancouver sewer levy for Surrey has increased by 37.6% in 2025, with 76% of this hike dedicated to funding the North Shore Wastewater Treatment Plant (NSWWTP), which has seen significant cost overruns[1][2]. Here are some key points about the utility rate increases:
Sewer Rates: The NSWWTP project is a major driver of these increases, with impacts expected over the next 15 years for Surrey residents. The annual impact on sewer customers is projected to be $174.14 for metered single-family accounts, $967.41 for metered commercial accounts, and $386.96 for non-metered residential accounts[1][2].
Water Rates: While the sewer rate hikes are more pronounced, water rates are also on the rise, with bulk water rates expected to increase by an average of 3.3% annually for the next four years. Non-metered water rates will increase based on average consumption[1].
Other Utilities: Drainage rates have seen minor increases, with residential and agricultural rates rising to $247 from $246 in the previous year, while commercial and industrial rates rise to $604 from $601[1].
In addition to the utility rate hikes, Surrey residents are facing a general property tax increase of 2.8% in 2025, which is considered modest compared to other regions[2][3]. Here are some details about the tax increases:
General Property Tax: Despite the uncertainties of the current economic environment, the proposed tax increase of 2.8% aims to support essential services and infrastructure projects. This equates to approximately $77 for the average single-family dwelling[2][3].
Roads Levy: An additional 1% increase is proposed for the roads levy, amounting to about $27 for the average single-family home. This funding will help continue the city's road development and maintenance programs[2][3].
Capital Projects: The City of Surrey has outlined a significant capital plan, including projects like the Newton Community Centre, which will feature a 50-meter swimming pool and a library. Other projects include a new artificial turf field and expansions to existing recreation centers[2].
The combination of utility rate hikes and tax increases is placing a significant strain on Surrey residents and businesses. Here are some of the implications:
Financial Burden: Homeowners, especially those with non-metered accounts, face uncertainty regarding their water and sewer costs, as these are based on average consumption rather than actual usage[1]. The significant sewer levy hike due to the NSWWTP project is particularly concerning[1][2].
Economic Resilience: Despite these challenges, the city remains committed to keeping tax rates relatively low while pursuing ambitious infrastructure projects. The funding secured from the province for police services has helped alleviate some financial pressures[3].
While the utility rate increases were largely unchallenged by the public, there is an opportunity for feedback on the proposed property tax increases. Here are some key dates and processes for public input:
Public Consultation: The public can provide comments on the proposed property tax increase until April 11, 2025. A public meeting of the Finance Committee will be held on April 14, 2025, to consider the budget for initial reading[3].
Budget Documents: Residents can access the city's Five-Year Financial Plan documents online, which detail both the General Operating and Capital Budgets for 2025-2029[3].
The rising utility rates and taxes in Surrey pose significant financial challenges for residents and businesses. However, the city is working to balance these increases with strategic infrastructure investments to enhance the community's quality of life and economic resilience.
As Surrey continues to grow, managing these financial pressures while supporting community needs will remain a critical challenge for local leaders.
For more information on utility rates and calculations, residents can refer to the City of Surrey's utility billing services website. It provides detailed breakdowns of the utility bill structure and how rates are calculated[4].
