montreal properties see overall increase of 12.2% in assessments for municipal taxes
2 minute read
properties across the island of montreal are seeing an overall increase in their assessments for property tax of 12.2 per cent, with the exception of office buildings, according to the new three-year valuation roll unveiled on wednesday.
the 2026-2027-2028 assessments of all residential, commercial and industrial properties, which will be used to calculate property tax bills for the three years, show a smaller increase than in the previous roll. assessments in the 2023-2024-2025 roll had jumped by 32.4 per cent across the island.
the calculations by the city of montreal’s valuation department are based on a property’s hypothetical sales value on july 1, 2024.
the total value of the 514,614 properties assessed for tax is $610.1 billion.
the only category to buck the upward trend are office buildings, the value of which has dropped by an average of 8.2 per cent. the city’s assessors attribute the sharp decrease in value to high vacancy rates because of teleworking that began during the pandemic.
in the residential sector, single-family homes and plexes with up to five units are seeing an average increase of 9.6 per cent, while the value of larger buildings with at least six units has increased by an average of 10.9 per cent.
advertisement
in the previous roll, residential properties jumped in value by an average of 35.6 per cent.
the value of industrial properties has seen the biggest increase, leaping by 39 per cent over the previous roll. the city’s assessors consider it testimony to the resilience of the sector despite economic uncertainty prompted by such factors as interest rates and u.s. tariffs.
industrial buildings and office buildings are components of montreal’s non-residential property category. the category is seeing an overall increase of 19.4 per cent in the new roll.
stores on commercial arteries, fuelled by consumers’ desire to shop local, have registered an average 17-per-cent increase in value. the value of shopping centres is up by an average of 4.4 per cent.
the eastern and western extremities of the island have registered the biggest increases in value. these include baie d’urfé, ste-anne-de-bellevue and senneville in the west island and anjou, montreal-east, montreal-north, rivière des prairies—pointe-aux-trembles and st-léonard in the east end.
lachine, st-laurent and dorval also register the highest overall valuation increases on the island because of their concentration of industrial properties.
advertisement
the smallest increases are in central parts of the island, including côte st-luc, hampstead, montreal west, town of mount royal and westmount.
property reassessment is carried out every three years and establishes the value on which municipalities on the island charge their property tax rates. for the city of montreal, property taxes make up over 63 per cent of the revenue that pays for municipal services.
share story
