Surrey businesses hit with substantial increases in tax


Surrey businesses have begun receiving their property tax bills in the mail. The business community has reached out to the Surrey Board of Trade and indicated substantial increases.
“Business classes 5 and 6 have faced enormous cost pressures over the last year,” said Anita Huberman, President and CEO, Surrey Board of Trade. “These property tax increases are unsustainable after businesses experienced an average increase between 2020 and 2021 of 53.9% for class 5 and 39.3% for class 6. In 2022, classes 5 and 6 saw an increase of 14.5% and 7.2%. We need a tax climate that is conducive to the success and sustainability of businesses. Over the years, all levels of governments have put significant tax burdens on business, including regulatory burdens that inhibit a business’ ability to grow.”
The Surrey Board of Trade would like to understand how much Surrey businesses’ property taxes increased (or decreased) this year through a brief feedback form. As businesses receive their business property taxes, we ask that they take 2 minutes to fill out a feedback form. The deadline is June 16, 2023.
Their input will help us advocate to the government on behalf of Surrey businesses. 
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The results of the survey will be released by June 22, 2023.