Earlier this year, Montreal’s 2018 Budget disclosed the latest property taxes per borough. Tax rates increased in almost all areas, due to a global hike in the water tax rate.
The average residential tax in the new budget increased by 3.3 percent, with some neighbourhoods seeing an increase as high as 5.6%. The new budget, which will rise by 5.2% up to $5.4 billion, is relying on property taxes for 63% of its total funding.
The following post provides a breakdown of the new average property taxes per borough.
Note that individual property taxes will also be influenced by property type and size.
- Ahuntsic-Cartierville: 3.5%
- Anjou: 2.8%
- Côte-des-Neiges—Notre-Dame-de-Grâce: 4.2%
- Lachine: 2.1%
- LaSalle: 0.7%
- L’Île-Bizard–Sainte-Geneviève: 2.5%
- Mercier-Hochelaga-Maisonneuve: 3.7%
- Montréal-Nord: 1.3%
- Outremont: 4.5%
- Pierrefonds-Roxboro: 3.1%
- Plateau—Mont-Royal: 3.2%
- Rivière-des-Prairies—Pointe-aux-Trembles: 2.8%
- Rosemont—La Petite-Patrie: 5.6%
- Saint-Laurent: 1.7%
- Saint-Léonard: 1.4%
- Sud-Ouest: 3.4%
- Verdun: 2.4%
- Ville-Marie: 3.2%
- Villeray–Saint-Michel–Parc-Extension: 5.4%
Increased housing prices will also impact each homeowner’s tax burden. The average Montreal home appreciated by 6.2% in 2017.