A real estate agent is outraged by Valérie Plante’s proposed property tax increase in Montreal and says we need to review the methods used to calculate municipal taxes.
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The $7 billion budget announced by the City of Montreal, which includes a 4.9% housing tax increase, increases the tax burden on Montreal residents.
Given this situation, a real estate agent would like to provide food for thought on municipal taxation.
He believes the city of Montreal is too dependent on property taxes to pay for public services.
“What I proposed exactly is that we could set up an equation based on the value of real estate and household income to determine the taxes to be paid to the city, and also set them in a much lower ratio,” emphasized Younes El Moustif, in an interview on LCN.
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Should the Quebec government undertake a reform of the modalities related to municipal taxation? The entrepreneur believes in it.
“We need the province’s cooperation. If the current municipality really wants to change something, it can put pressure on the province. If we base it on salary and not property value, the city of Montreal can do this,” he suggests.
“At this point, fundamentally changing real estate taxation is a little more complicated.”
*Watch the full interview in the video above*