Evaluations: You can fight city hall

October 30, 2010 - When is it worth it to contest your municipal tax evaluation?

Montreal’s beleaguered taxpayers were dismayed, but probably not surprised, when the news recently came from city hall that the average increase to property tax would be in the order of 23.5 per cent.

While some homeowners can take solace in the fact that, in theory, their property increased in value, it is important to verify whether the value established by the city reflects the fair market value of your property. If you notice that similar homes in your area are being sold for 20 per cent less than the city evaluation, you can file a contestation of your municipal evaluation. A successful contestation might result in serious tax savings.

The latest property tax roll will be issued in January and you have until May 31 to file a contestation. The decision to contest should not be taken lightly as it will entail paying fees to the city and you will probably have to hire a property evaluator to come to a contrary valuation from the city. 

Marlene Ofter

Marlene Ofter

Certified Real Estate Broker
CENTURY 21 Max-Immo
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