2020 Municipal Taxes increases: Are you going to pay more this year?

In recent weeks, cities have adopted their 2020 budgets and, at the same time, announced their average increases in property tax bills. According to the latest data, several cities have announced an increase equal to or higher than the cost of living index, which is 2.1% for 2019.

 

Sherbrooke	5.74%
Rivière-du-Loup	4.6%
Rimouski	4.1%
Saint-Hyacinthe	2.81%
Trois-Rivières	2.75%
Longueuil	2.5%
Brossard	2.4%
Repentigny	2.3%
Saguenay	2.3%
Saint-jean-sur-le-Richelieu	2.18%
Gatineau	2.1%
Montréal	2.1%
Lévis	2.1%
Cost of living	2.1%
Granby	2%
Saint-Jérôme	1.6%
Terrebonne	1.59%
Laval	1.4%
Drummondville	1.2%
Québec	1.1%
Boucherville	1%

Data updated as at 17/12/2019

CORPIQ recommends that rent increases be properly calculated using the rent setting grid that will be available on the CORPIQ website starting January 22, 2020.

Indeed, school taxes dropped sharply this year after Bill 3 from the Legault government, which levelled the rate at just over $0.15 per $100 of assessment, throughout Quebec. As a result of this measure, property taxes (municipal and school taxes) decreased by an average of 1.5% this year, according to the observations of Statistics Canada.

Knowing that approximately 15% of the rent corresponds to the amount of municipal and school taxes, the rent adjustment in 2020 will depend on each building, depending on the variation in the municipal tax bill between 2019 and 2020, as well as the variation in the 2020 school tax bill compared to 2019.