Montreal Property Tax 2026 | Tax Rate & Calculator
Updated
Montreal Property Tax 2026
Montreal’s residential property tax rate is approximately 0.76%.
Montreal assesses property values on a 3-year cycle, with the current roll reflecting values as of a specific reference date. When a new roll takes effect, assessments are adjusted evenly over the 3-year period to prevent sudden jumps. If you believe your assessment is too high, you can file a review request with the City of Montreal within 30 days of receiving your assessment notice (or May 1 of the first applicable year, whichever is later). The review is free for the first request. If the city’s review does not resolve the issue, you can appeal to the Tribunal administratif du Québec (TAQ), though this involves filing fees and potentially legal costs.
Component
Details
Residential tax rate
0.76%
Per $1,000 assessed value
$7.60
Assessment authority
City of Montreal
Assessment frequency
Every 3 years
Montreal Property Tax Calculator
Assessed Value
Annual Tax
Monthly
$400,000
$3,040
$253
$500,000
$3,800
$317
$600,000
$4,560
$380
$700,000
$5,320
$443
$800,000
$6,080
$507
$1,000,000
$7,600
$633
Montreal vs Toronto vs Vancouver
City
Tax Rate
Tax on $750K
Vancouver
0.27%
$2,025
Toronto
0.63%
$4,725
Montreal
0.76%
$5,700
Quebec Welcome Tax (Land Transfer Tax)
Quebec’s land transfer tax — commonly called the “welcome tax” (droits de mutation) — is charged whenever property changes hands. Unlike Ontario, where the tax is paid at closing, the welcome tax bill arrives by mail 2-3 months after the notarial transaction and must be paid within 30 days. Montreal adds a municipal surcharge of 0.5% on amounts above $2,000,000. Budget for this cost separately from closing expenses, as it is not included in the notary’s closing statement.
Property Value
Tax Rate
First $55,200
0.5%
$55,201 - $276,200
1.0%
$276,201 - $500,000
1.5%
Over $500,000
2.0%
Plus Montreal adds 0.5% on amounts over $2,000,000.
Additional Montreal Costs
Levy
Details
Water tax
~$100-200/year
School tax
~0.1% additional
Garbage collection
Included
Payment Options
Montreal offers monthly pre-authorized payments (TIPPS), quarterly instalments, or a single annual payment. Choosing the single payment option may qualify for a small discount, but most homeowners prefer monthly TIPPS for budgeting purposes. Late payments are subject to a penalty of 0.5% per month (6% annually). If property taxes remain unpaid for 3 or more years, the city can initiate a tax sale.
Montreal has the lowest property tax rate among Quebec’s major cities, reflecting its higher urban property values.
Montreal vs Canadian Cities
City
Tax Rate
Tax on $700K
Province
Vancouver
0.27%
$1,890
BC
Toronto
0.63%
$4,410
ON
Calgary
0.66%
$4,620
AB
Montreal
0.76%
$5,320
QC
Ottawa
1.01%
$7,070
ON
Hamilton
1.22%
$8,540
ON
What Montreal Property Tax Funds
Component
Approx. Share
Services
Municipal levy
~80%
Police (SPVM), fire (SIM), roads, STM transit, parks
School tax
~15%
French and English school boards
Other levies
~5%
Water tax, waste collection
Montreal Tax Planning Considerations
Montreal homeowners face two distinct property-related taxes: the annual property tax and the one-time Welcome Tax (droits de mutation) on purchase. Budget for both separately: