The real estate appraisal roll is a complex exercise that determines how each real estate owner on the island of Montreal will be taxed on the basis of the next three years. The growth recorded this year is large and varies, among other things, according to the type of building and the district in which it is located. This map shows the appraisal increases applied to the housing stock of the 19 counties and 16 communities of the Greater Montreal area. You can also find the new average residential property value for each area.
• Also read: Real estate values on the island of Montreal soar by 32.4%
- The appraisal list is submitted every three years and reflects the value of residential, commercial and industrial real estate in the 19 boroughs of Montreal and the 16 cities on the island of Montreal, including Montreal.
- It is intended to reflect the state of the market on July 1, 2021, i.e. 18 months before it came into force. The role presented yesterday will come into effect on January 1, 2023 and will serve as a tax base until December 31, 2025.
- A significant increase in real estate values does not necessarily lead to a comparable increase in the tax burden. The latter largely depends on the tax rate that elected officials will choose. Yesterday, the President of the Montreal Executive Committee indicated that it will be announced in November.
- Overall, the value of the 502,789 buildings listed in the agglomeration’s 2023-2024-2025 lists reached US$526.3 billion, a US$141.8 billion increase in the tax base since the previous list (2020-21 -22).
- All property valuation lists (including those of your neighbors!) can be viewed online. servicesenligne2.ville.montreal.qc.ca/sel/evalweb/index
Average for Montreal*
34.8%
- single family $722,700
- apartment $484,900
*excluding demerge cities
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