- Municipal Council
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The 2020 tax bills were mailed this week and are in the process of being delivered to TMR owners. A first installment is due on February 26 and a second on May 26.
A rigorous control of tax rates is at the heart of Town Council's concerns year after year, but it was particularly judicious to see to it in 2020, as the triennial property assessment roll tabled last fall introduced yet another increase in Mount Royal property values.
Average home tax bill increase capped at 1.85%
The latest property assessment role, released by the Ville de Montréal in September 2019, saw the average price of a single-family home in Mount Royal increase from $1,082,800 to $1,381,200. In an effort to lessen the impact of this increase on the property owners concerned, Town Council ensured that their tax rate would not rise by more than 1.85% in its 2020 budget.
With the new roll having taken effect on January 1, 2020, tax rates have been adjusted based on the average change in each property category. If the value of your property has increased more than the average value of your category, your tax increase will be higher. In the opposite case, your increase will be lower.