Photo: Catherine Legault Archives Le Devoir The Ville-Marie borough will see the lowest increase in property taxes for the residential sector next year. In Hochelaga-Maisonneuve, however, the increase in the tax burden for the residential sector will be among the largest on the island.
Clémence Pavic
Published at 11:16 a.m.
- Montreal
By how much will your municipal taxes increase next year? On average, residential tax burdens will increase by 2.2%, according to the City of Montreal’s budget presented Wednesday. But depending on your borough and the type of property, the variation will not be the same. Consult our interactive map to see the impact on your wallet.
200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000First, let’s remember that the data presented are averages. “Each taxpayer’s tax notice can vary by different proportions,” the City emphasizes. It fluctuates according to the evolution of the property value of each person’s property.
The lowest increase in property charges for the residential sector will be observed in the Ville-Marie borough next year. They will increase by just 0.2% overall – that is, when looking at the average for single-family homes, multiplexes and condominiums.
In this borough, condo owners can even expect their tax bill to drop by about 1% compared to last year. For a condo worth about $575,000, that would represent a decrease of nearly $40.
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In Hochelaga-Maisonneuve, however, the increase in the tax burden for the residential sector will be among the largest on the island (3.1%), just behind Pierrefonds-Roxboro (4.1%) and Île-Bizard–Sainte-Geneviève (3.4%). For a condo with an average value of about $366,000 in this borough, the tax increase will be a little over $70.
Why this difference between Ville-Marie and Hochelaga-Maisonneuve ? In one case, property values increased more slowly than average, in the other more quickly.
Are tax increases limited to inflation ?
In early October, Montreal promised to limit the average increase in residential taxes under the city council’s jurisdiction to 1.8% – the same rate of inflation as of last August. The city is honoring this commitment in its budget. But the taxes also include a portion determined by the boroughs, which pushes the increase in the residential tax burden to 2.2%.