What Do Property Taxes and Water Bills Cost in Fleetwood?

Fleetwood does not have its own property-tax or water rate. Homes use the City of Surrey system, and your actual bill comes down to the property’s assessed value, applicable parcel charges, water-meter setup and consumption. The examples below use Surrey’s published 2026 rates to show you how the math works.

Before you buy, ask for the current property-tax notice and utility bill. Those two documents give you the numbers that matter for the address.

Let’s break down how these costs actually work, with real math so you can see it for yourself.

Understanding Property Taxes

Fleetwood doesn’t have its own tax rate. It runs on the same City of Surrey system as everywhere else. BC Assessment sets your property’s taxable assessed value. The City of Surrey and other taxing authorities then set the rates that get applied to that value. Put those two pieces together, and you get your final bill.

Here’s what actually drives that number:

Your assessed value reflects a lot of factors. BC Assessment looks at things like location, size, age, view, property features, condition, and what similar homes nearby have sold for. This isn’t a full interior inspection of every property. It’s an assessment built from property information, market data, and comparable sales. You can read more about how BC Assessment determines market value.

Development potential can influence assessed land value when buyers are paying for that potential. Around the Fraser Highway corridor, BC Assessment still looks to permitted use, comparable sales and market evidence before assigning value.

Your property-tax notice includes amounts collected for the City and for other taxing authorities. The proportions can change by year and property, so use the current tax notice rather than relying on a fixed citywide percentage.

A worked 2026 example

Say a Fleetwood home has an assessed value of $1,200,000. This is an example assessed value, not a Fleetwood average.

For this dated 2026 example, Surrey’s published Class 1 residential total tax rate is $3.42731 per $1,000 of assessed value.

Here’s the math:

($1,200,000 ÷ 1,000) × $3.42731 = approximately $4,112.77

That’s the value-based property tax calculation. It’s not necessarily the full amount on the final notice, because other charges can be added.

The 2026 example also includes the published $300 capital parcel tax and $250.71 residential drainage parcel tax. Add those to the value-based property tax, and this example home would owe approximately:

$4,663.48 for the year

Spread across 12 months:

$4,663.48 ÷ 12 = approximately $388.62 per month

That’s before any Home Owner Grant, additional school tax, penalties, secondary-suite charges, or other property-specific adjustments.

You can check the City of Surrey’s current property-tax rates rather than relying on this example in a future year.

The Home Owner Grant

If you qualify, the Home Owner Grant can reduce the amount you actually pay. This program is run by the Province of British Columbia, not the City of Surrey.

Eligibility, thresholds and grant amounts can change, so check the Province’s current Home Owner Grant information rather than assuming a previous year’s amount still applies.

Utility Billing: Metered vs. Flat-Rate

Surrey residential utilities are billed either through an annual flat rate or metered consumption billed every four months. Confirm which system applies before you build the property’s carrying costs into your offer.

Flat-rate homes pay an annual amount rather than being billed according to measured water consumption.

Metered homes are billed every four months based on actual water use, plus the applicable base charge.

The metered calculation below uses Surrey’s published 2026 water and sewer rates and the City’s sewer-consumption formula for that year.

A metered 2026 example

For illustration, assume the home uses 60 cubic metres of water over one four-month billing period.

Water:
60 × $1.4116 = approximately $84.70

Sewer:
88% of 60 cubic metres = 52.8 cubic metres

52.8 × $2.3593 = approximately $124.57

Consumption subtotal:
Approximately $209.27

On top of that, Surrey charges an annual base charge based on meter size. For a standard 3/4-inch residential meter, the published 2026 annual base charge is $96.

Divided across three four-month bills:

$96 ÷ 3 = $32

Add that to this example period:

$209.27 + $32 = approximately $241.27

So this hypothetical four-month bill comes to approximately $241.27.

With a metered account, higher consumption produces a higher variable charge. Review the property’s recent utility bills to see what the household has actually been using rather than relying on a generic estimate.

You can verify the current formula and rates on the City of Surrey’s utility-billing page.

Always ask whether the home is metered before you buy.

How to Get the Right Numbers Before You Buy

Get the latest property-tax notice. Confirm the assessed value, parcel charges and current tax amount.

Get the latest utility bill. Confirm whether the property is metered and what the recent consumption actually looks like.

For a strata property, check what the strata fee covers. Do not budget separately for a utility already included in the monthly fee.

Use Surrey’s public property tools for verification, then rely on the actual property documents for the final budget. Surrey’s public Online Inquiry can provide assessment, legal-description, tax and utility-levy information for a property. More detailed account and billing information is available through MyPropertyAccount, which requires property-specific account access information.

If you’re looking at a property as an investment, taxes and utilities should also be included in the full carrying-cost calculation. My Fleetwood rental-property example shows how those costs fit into the larger monthly picture.

For more on pricing, offers, selling timelines and the financial side of a move, see the Buying & Selling in Fleetwood guide.

Frequently Asked Questions