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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.

Method Details
Monthly (TIPPS) Pre-authorized
Installments 4 per year
Single payment Discount may apply

Montreal vs Quebec Cities

City Tax Rate Tax on $600K
Montreal 0.76% $4,560
Quebec City 0.92% $5,520
Laval 0.79% $4,740
Longueuil 0.88% $5,280
Sherbrooke 1.03% $6,180

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:

Cost When Typical Amount (on $700K)
Welcome Tax On purchase (billed 2–3 months after) ~$9,500
Annual property tax Each year ~$5,320
School tax Each year ~$700
Water tax Each year ~$150