Between funding cycles
Last cycle closed Jul 31. The next deadline hasn't been announced yet.
Surrey City Centre Student Housing Revitalization Tax Exemption
Surrey offers up to a 10-year municipal property tax exemption on new construction value for eligible large student housing projects in Surrey City Centre.
About this program
The City of Surrey Revitalization Tax Exemption Program supports new purpose-built student housing in Surrey City Centre. The program offers up to a 10-year municipal property tax exemption on the value of new construction related to the student housing portion of eligible projects. Eligible projects must be in the Surrey City Centre RTE boundary, include at least 150 student housing units, and have total capital costs of $100 million or more in new construction.
Eligibility
Developers and property owners with large purpose-built student housing projects in the Surrey City Centre RTE boundary may apply for the tax exemption.
Requirements
- Project must be within the Surrey City Centre RTE boundary.
- Project must include at least 150 student housing units.
- Total capital cost of the project must be $100 million or more in new construction.