The Town of Lorraine, nestled in the heart of Quebec, has unveiled its new triennial property assessment roll, a critical tool influencing the calculation of municipal property taxes. This update, effective in 2025, reflects changes in property values and provides insight into the relationship between property assessments and municipal tax bills.
Key Components of the Triennial Assessment
The triennial property assessment serves as the foundation for calculating municipal taxes. However, the amount on annual tax bills also depends on budgetary decisions made by the municipal council and the costs of essential services, such as water consumption and waste management.
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To mitigate the impact of rising property values, Lorraine’s municipal council will adjust the tax rate to account for the average increase in property values. Properties that see value increases above the average for their category may experience a higher tax increase, while those with below-average increases might see their taxes reduced.
In Lorraine, residential properties dominate, comprising 98.53% of the total property value. This means the town’s tax burden falls almost entirely on homeowners.
Requesting a Review
To address concerns about the new assessments, Lorraine has partnered with its finance and treasury department and the appraisal firm LBP Évaluateurs to provide support to property owners. Key details about the review process include:
- Timeline: Property owners can submit a request for review until April 30, 2025.
- Evaluation Process: Reviewed properties will undergo a detailed re-assessment, with results communicated by September 1, 2025.
- Fees: A fee, based on the property’s value, will apply for review requests. This amount is specified on the assessment notice and adheres to regulation 198.
What’s Next for Property Owners?
Property owners in Lorraine will receive their updated property assessment notices in February 2025, alongside their annual tax bill.
To better understand the role of municipal assessments, residents are encouraged to explore resources provided by the Ministry of Municipal Affairs and Housing (MAMH), including the explanatory video What is Municipal Assessment?
