Subject: CMG
New Property Assessment Roll - Average property value increased by 25.9%
"We will keep tax increases within inflation"
? Mayor Georges Bourelle
BEACONSFIELD, QC, Sept. 13, 2019 /CNW/ - While the value of Beaconsfield properties has experienced one of the strongest growth rates in the Montreal area with an average of 25.9% over the last three years, the impact on the next municipal tax bill will be contained within inflation, which should be around 2% for the local portion of the property tax.
The average value of a single-family home in Beaconsfield, established by the evaluation service of the Montreal Agglomeration, rose from $571,900 to $732,800. This is a difference of $130,000 compared to the same type of property on the island of Montreal, assessed at $600,900.
"This is excellent news. The considerable increase in value of our homes means, in concrete terms, that we all have become wealthier. This is important, as for the majority of us, our home constitutes our most valuable asset", explains Mayor Georges Bourelle.
Mayor Bourelle also wishes to reassure residents that the next municipal tax bill for 2020 will be adjusted to the consumer price index of about 2% for the local property tax portion which is controlled by the municipal administration of Beaconsfield, while the other portion is strictly the responsibility of the Montreal Agglomeration.
"The role of public managers is to ensure that the taxpayers' ability to pay is preserved. This is what we have done over the past seven years, while maintaining our infrastructure, roads and parks, and continually improving our services and offers. This is what we will continue to do despite the increases recorded in the property assessment role", indicates Mayor Bourelle.
The assessment role, tabled every three years by the Agglomeration determines the market value of properties on the island of Montreal, therefore also for Beaconsfield. However, the tax bill contains a variety of elements used to determine the property value, including the assessment.
"We will weight this major increase of 25.9% in property values by reducing the mill rate accordingly. Since the assessment increases vary for each property, some tax bills will be adjusted to inflation, while others will be slightly higher or lower", concludes the Mayor.
SOURCE City of Beaconsfield
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