- Assessment Roll - PUBLIC: Real estate assessment (free access)
- Assessment Roll - PROFESSIONNALS: Data for real estate brokers and notaries (access fee).
The current municipal finance system in Quebec is mainly based on the imposition of taxes calculated from the actual value of the buildings located in the territory of each municipality.
The advantages of using the real property value for basis in tax calculation are numerous and diversified. Besides taxation purposes for which the assessment rolls are prepared, numerous interveners use the recorded values for basis of comparison.
However, the real property value has a dynamic character as is subject to changing socio-economic circumstances. Thus, the real value matures differently depending on the district, the type of building or the property. A triennial assessment roll considered fair when first recorded could present important disparities after just a few years.
The Law and Regulations
It is essential to regularly review the recorded values equity and to reinstate balance. Thus, in accordance with the Act respecting municipal taxation, municipalities of 5,000 residents must re-evaluate their assessment roll every three (3) years. Once filed, the roll remains in effect for three (3) years.
In the interest of greater transparency and due regard for taxpayers who are imposed for three consecutive years on the basis of one evaluation, it is stipulated that the adjustments performed in the assessment roll be closest to 100% of the real property value.
The median amount is the statistical indicator recognized by the law to measure the level indicated in the roll against the real value.
The equilibration of the roll is a professional act which is constituted of observations, analysis and findings to make an appraisal that is as close as possible to the real value of properties recorded on the same roll.