The latest assessment roll for the City of Montreal was submitted on September 11, 2019. The values it contains reflect market conditions as at July 1, 2018. It is the basis for your 2020, 2021 and 2022 tax bills.
You have until April 30, 2020, to apply for an administrative review of the assessment of your home. Keep in mind that if you dispute your assessment, in the end it may be increased, decreased or left unchanged.
To find out the value attributed to your home, you can consult the most recent property roll at City Hall (5801 Cavendish Blvd.). You can also access the electronic version of the roll.
CHANGE IN VALUES BY BUILDING CATEGORY
- Single-family homes: 17.1%
- Condominium: 8.2%
- 2 to 5 dwellings: 11.4%
- 6 or more dwellings: 19.7%
- Offices: 5.4%
- Shopping centres: 4.1%
- Diversified commercial: 10.5%
- Institutional: 8.9%
- Industries: 6.0%
Each valuation reflects what was considered to be the fair value of the property—residential or commercial—based on market conditions as of July 1, 2018. The change in values is determined by changes in the real estate market, the addition of new buildings and improvements to existing buildings. Thus, the total value of Côte Saint-Luc real estate stock increased by 14.0% compared to the last role. More specifically, the residential sector grew by 14.8%, the non-residential sector by 7.8% and finally the value of land increased by 13.3%.
The average price of a single-family home is $692,300. The average price of apartments – condos is $377,600.
The city will adjust the tax rate downward to compensate for most of the increase in property values. If you have done any renovation or construction work, your home value increase may be higher. Property values can also be influenced by a highly valued real estate sector where the selling price tends to increase. The amount of your taxes will then also be higher.