Following the release of the new property assessment roll by the City of Montreal in September, our partner GDA wishes to inform property owners and managers of their rights regarding the review of their property’s assessed value:
“The new property assessment role for the 2026–2028 triennial, in force in Montréal, Lévis and certain other cities elsewhere in Quebec, establishes the value of buildings according to the Municipal Taxation Act. This value serves as the basis for calculating municipal taxes and can have a major financial impact for owners and managers of commercial, industrial, office, multi-residential buildings or land for development. Estimates that are too high or errors (number of premises, non-residential mix code, portable and taxable equipment, building categorization [industrial vs. commercial]) can lead to additional costs. In addition, legal constraints, such as a construction moratorium, can also influence this value.
To ensure a fair assessment, a preliminary analysis by a chartered appraiser can be very useful. A chartered appraiser is an independent, impartial real estate professional who can assist you with transactions, mortgage financing, market research, litigation and, of course, the municipal assessment review process.
Key steps include analyzing the true value as of 1 July 2024, preparing a request for review before 30 April 2026 (if applicable), and assessing potential savings—strategic approaches to better manage their real estate assets.”
