Québec property assessment and tax updates: 2021
Stay up-to-date with deadlines, developments, property assessment and taxation management for your assets in Québec.
Property Taxation – New 2021 Assessment Rolls in Quebec
Deadline: April 30, 2021
Last September, some municipalities deposited and made available online their new property assessments for the 2021 triennial rolls. The values entered on these rolls reflect market conditions as of July 1, 2019. These new assessment rolls are effective from January 1, 2021 to December 31, 2023.
There are new assessment rolls effective in 2021 in more than 350 municipalities in Quebec, including:
- La Tuque
- North-Hatley – Hatley – Potton
Two municipalities have elected to extend their rolls for a year: Baie-Saint-Paul, Huntington and Ormstown
Here are some of the appraisal parameters that we use to obtain assessment reductions / tax burden:
- market rents;
- vacancy and bad debt allowances;
- operating expenses;
- capitalization rates;
- excess vacancy;
- needed major repairs;
- sales of comparable properties;
- functional and economic obsolescence;
- non-taxability of certain items;
- qualification and identification of the electrical and mechanical systems of manufacturing facilities (lighting, heating, air conditioning, ventilation, water, sewer) that are “normally necessary” for occupants and building services.
- review the taxation class and make sure it is appropriate which may have an impact on your tax burden.
The deadline for filing applications for review to contest 2021 assessments is April 30, 2021.
Failure to file by the deadline is equivalent to acceptance of these values for the next three years.
COVID & Municipal Assessments
The 2021 triennial roll having a reference date (July 2019) prior COVID (March 2020) does not take into consideration the COVID situation or any related impacts. However, if your property has experienced any issues prior COVID, or if the situation has deteriorated drastically since then, we would strongly suggest that we review your assessment to make sure that we are not missing out on any opportunity to lower your tax burden.