Expect Boost In Montreal Property Values

Montreal Skyline

From The Montreal Gazette:

It's "way too early to tell" how big the boost in Montreal Island's municipal evaluations will be in a new tax roll to take effect Jan. 1, 2011, Montreal city spokesperson Patricia Lowe said Tuesday.

The current roll values all buildings and land across the island at $195.7 billion.

Preliminary work began last summer on the upcoming three-year roll. To be unveiled next September, it will provide the basis for municipal taxes levied through the end of 2013 -- –from the western to eastern tips of the island.

Michel Benoit will be keeping an eagle eye on the process.

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My Comment: Here comes the ENORMOUS tax increases.