MONTREAL, Sept. 11, 2013 /CNW Telbec/ - The chief assessor of the Ville de Montréal, Mr. Bernard Côté, today tabled the 16 property assessment rolls for 2014-2015-2016, covering the Montréal agglomeration.
The total assessed value of the 483,373 properties across the territory has reached $296.6 billion. This increase of nearly 19.5% in property value for the agglomeration, compared to the previous roll, is evidence of the economic vitality of Montréal.
In the 16 municipalities of the Montréal agglomeration, increases in property values range from 6.1% to 28.1%, and in the 19 Montréal boroughs, from 12.9% to 26.4%.
In the agglomeration, on average, values have increased by 21.2% in the residential sector and by 13.7% in the non-residential sector.
The assessment rolls for the Montréal agglomeration represent almost a third of the property value of Québec.
The assessment of properties reflects the real value as of July 1, 2012. The regulations governing the composition of the rolls are defined by the Act respecting municipal taxation.
The public may obtain more detailed information or consult the new rolls, as of today, on the website at: www.ville.montreal.qc.ca/evalweb.
SOURCE: Ville de Montréal
For further information:
Direction de l'évaluation foncière