Property assessment rolls for 2011-2012-2013 - TOTAL ASSESSED PROPERTY VALUE
OF $242.1 BILLION

MONTREAL, Sept. 15 /CNW Telbec/ - The chief assessor for the city of Montréal, Gaetano Rondelli, today tabled the 16 property assessment rolls for 2011-2012-2013 covering the Montréal agglomeration.

The total assessed value of the 460 394 properties across the territory has reached $242.1 billion. This increase of nearly 22.4% in property value for the agglomeration, compared to the previous roll, is evidence of the economic vitality of Montréal.

In the agglomeration, on average, values have increased by 23.5% in the residential sector and 20.2% in the non-residential sector.

In the 16 municipalities of the Montréal agglomeration, increases in property values range from 11.2% to 24.6%, and in the 19 Montréal boroughs, from 18.8% to 34.7%.

The assessment rolls for the Montréal agglomeration represent almost a third of the property value of Québec.

The regulations governing the roll's composition are defined by the Act on municipal taxation. The assessment of properties reflects the real value as of July 1, 2009. In conformity with the law, the ministère des Affaires municipales et des Régions et de l'Occupation du territoire has developed performance indicators to ensure the quality of rolls throughout Québec.

The new rolls are available for consultation on the city web site at: www.ville.montreal.qc.ca/evalweb.

For further information: Patricia Lowe, Relations avec les médias, 514 872-5467; Source: Direction de l'évaluation foncière