Montreal City Weblog

Kate 07:46 on 2019-06-26 Permalink Reply  

• Ephraim 11:24 on 2019-06-26 Permalink

  And this is how your house taxes increase, while the city says that they aren’t increasing them…. they increase the value of your home. Of course, this will also increase rents. I’m just surprised that the Plateau isn’t getting the greatest increase…

• Joey 14:57 on 2019-06-26 Permalink

  True, but these increases are not happening out of thin air. If you are a homeowner in Montreal, the value of your home has likely increased significantly in the last year (whether you’re selling or not). If we are going to fund municipal services on the basis of the value of property, these evaluations should reflect reality. Bidding wars, homes selling X% above asking, etc., which never really existed in Montreal are increasingly common. The fact that homeowners who aren’t selling aren’t realizing any direct financial gain from the hot market is an indictment of the concept of property tax, not the way homes values are calculated.

• Ephraim 16:02 on 2019-06-26 Permalink

  You don’t get any financial gain unless you sell…. for the rest of us, it increases the cost of living. It shouldn’t be growing faster than inflation, but it does. It doesn’t hurt just the homeowners, it hurts the tenants. If you pay $1 million to buy a house to rent out, someone has to pay the property taxes…. they are just passed on.

• Ian 08:07 on 2019-06-27 Permalink

  …which, as I like to point out, is why the city actually does very little to curb gentrification. It’s their main source of income, since it increases property values and in turn increases taxes. Somebody has to pay for all the beautification projects, which in turn feed into property value increases…