Montreal Property Tax Calculator 2022
Residential property taxes in Montreal are expected to rise at an average of 4.1% in 2023, of which 3.4% is the consequence of the city hall’s decisions, while 0.7% can be attributed to the decisions of the boroughs. The city announced a budget of $6.76 billion for 2023, and the mayor Valérie Plante commented that the city “turned over every rock” to try and limit the tax increase. As for property types, the average increase in taxes for single-family homes is 5%, for condos is 2.7%, and for plexes is 4.5%.
In January, the city announced that lower-income homeowners would receive a tax break. The break would especially be beneficial for seniors who rely on a fixed income.
The City of Montreal is located along the St. Lawrence River and Prairies River in the Montreal Region and is home to over 1.7M residents. Montreal real estate prices have increased by 6% from July 2021 to July 2022 with the average sold price of a house in Montreal being $576K in July 2022. From the long-term perspective, real estate prices in Montreal have increased by about 23% over a 2-year period from July 2020 to July 2022. The median price of a single-family detached house in Montreal is $550K. The median price of a condominium in Montreal is $391K and the median price of a plex in Montreal is $776K. Montreal has the 10th lowest property tax rate in Quebec out of all municipalities with a population greater than 20K.
Montreal property tax is based on the assessed value of your home. Properties in Quebec are assessed by their regional county municipality or municipalité régionale de comté (MRC) every three years. Montreal's MRCs deal primarily with land use such as establishing plans for waste management and preparing evaluation rolls. Each MRC conducts assessments and releases the assessment rolls independently. Most properties are assessed using a market value-based approach.
You can calculate your property tax using either your home's assessed value or your home's most recent market price. Just enter the price and type of your property, and we will give you an instant property tax estimate.
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2022 Tax rates for Cities Near Montreal
| City | Final Tax Rate |
|---|---|
| Westmount | 0.848300 % |
| Brossard | 0.697200 % |
| Longueuil | 1.003300 % |
| Laval | 0.846200 % |
Montreal Property Taxes
Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
There are two main parts to property taxes in Québec:
- A municipal tax that depends on the borough of the property
- An education tax set by the province that is the same throughout Québec
| Residential Property Tax Rate for Montreal from 2010 to 2022 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2022 | 0.571200% | 0.102400% | 0.673600% |
| 2021 | 0.717100% | 0.105400% | 0.822500% |
| 2020 | 0.747400% | 0.105400% | 0.852800% |
| 2019 | 0.766300% | 0.178320% | 0.944620% |
| 2018 | 0.770500% | 0.178320% | 0.948820% |
| 2017 | 0.758800% | 0.178320% | 0.937120% |
| 2016 | 0.759700% | 0.177650% | 0.937350% |
| 2015 | 0.790800% | 0.188390% | 0.979190% |
| 2014 | 0.827300% | 0.194620% | 1.021920% |
| 2013 | 0.869100% | 0.204600% | 1.073700% |
| 2012 | 0.963300% | 0.213090% | 1.176390% |
| 2011 | 1.004400% | 0.224630% | 1.229030% |
| 2010 | 1.059500% | 0.238410% | 1.297910% |
Montreal Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Montreal's property tax department through the following methods:
| Phone number | General (within municipality limits): 311 General (outside municipality limits): 514-872-0311 |
|---|---|
| Contact Form | Montreal Property Tax Department Information |
Montreal Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of Montreal's property tax department through the following methods:
| Phone number |
|---|
General (within municipality limits): 311 General (outside municipality limits): 514-872-0311 |
| Contact Form |
| Montreal Property Tax Department Information |
| Montreal at a Glance | |
|---|---|
| Province | Québec |
| Settled Year | 1642 |
| Established Year | 1760 |
| Incorporated Year | 1832 |
| Population | 1704694 |
| City Area | 431.50 km 2 (166.60 sq mi) |
| Official Website | Montreal Official Website |
Property Taxes in Québec for a $500K Québec Assessed Value Home**
Assessed Value of a Property
Properties in Quebec are assessed by their regional county municipality or municipalité régionale de comté (MRC) every three years. MRCs are political entities that were established in 1979 to deal primarily with land use such as establishing plans for waste management and preparing evaluation rolls. Each MRC conducts assessments and releases the assessment rolls independently. Most properties are assessed using a market value-based approach. There are three ways that uses to determine a property’s market value:
- Direct Comparison Approach
- Cost Approach
- Income Approach
Residential properties are valued under this approach. This compares the sales of similar properties in the assessment year to determine a valuation for the property. The assessed value may not equal the actual market value or sale value of a property.
Unique and rarely traded properties are valued under this approach. This uses the cost of the property if someone were to rebuild it to determine a valuation for the property minus depreciation due to age or other factors. This includes the price of the land and the price of all improvements (e.g. buildings) on top of it. While this takes into account the market value of the land, it does not consider the market value of the property as a whole.
For properties that are dedicated to generating income like rental properties or offices, an income-based approach is used. This approach uses the income generated by the property as well as the sales price to determine its assessed value.
Property Taxes in Québec for a $500K Québec Assessed Value Home**
How We Calculate Your Property Tax
If you entered your home's Provinical Assessment value, we calculate your property tax by multiplying your Assessment value by Montreal's final property tax rate.Property Tax of Other Cities in Québec
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