Montreal to limit property tax increases to 1.8% by 2025
“It was important for us to announce the City Centre’s tax rate as soon as possible, to reassure citizens and offer them more predictability.
The City of Montreal announced on Thursday that it will cap the property tax increases under the responsibility of City Council at 1.8 per cent – which is equivalent to inflation numbers observed in August 2024.
In a press release, the administration says it’s respecting its commitment to index the tax bill to inflation as it completes the 2025 budget. Full details of the budget will be announced at the end of November.
Montreal adds that it will be able to limit its tax burden increase that falls under the responsibility of the City Centre to the line of inflation, while maintaining the basic services offered to the population.
“It was important for us to announce the City Centre’s tax rate as soon as possible, to reassure citizens and offer them more predictability.
As we had promised, we will limit the increase in taxes to inflation,” said Projet Montréal member Luc Rabouin in the press realse. “We know that the economic situation and the increase in the cost of living are affecting the population a lot and we wanted to offer them a break.
We also wanted to send a message to all the boroughs, which are about to adopt their local budgets, so that the same efforts are made at their level to limit the increase in local taxes as much as possible.”
