2020 Budget – Significant gains for property owners and budget growth limited to 1.8%
The mayor of the City of Pointe-Claire, John Belvedere, is pleased to announce significant gains for Pointe-Claire property owners thanks to exceptional growth in the real estate market and a budget increase kept under inflation.
“The quality of life in Pointe-Claire, the appeal of our city, and its location have fostered an exceptional average growth of 24% in residential property values. This is a substantial gain for homeowners thanks to the appreciation in the value of their property,” the mayor of Pointe-Claire said.
Despite this significant increase in home values, the average property tax increase in 2020 will be 2%, the equivalent of $74 for a typical single-family home in Pointe-Claire, whose value has risen from $395,400 in 2019 to $489,221 in 2020.
Since assessment increases vary across property types and neighbourhoods, the changes in property taxes reflect these. Owners of a property whose value has increased more than the average will see their property tax raised a little more than the average. Conversely, owners whose property value has increased less will see their property tax decrease slightly.
“With this strict management of our administration, we aim to continuously improve the quality and quantity of services offered while maintaining our citizens’ ability to pay,” Mayor Belvedere said.
The Mayor is also proud of a new measure to encourage and promote the development of small businesses: “Our business people will benefit from a reduced tax rate for the first $1 million of their property value in 2020.”
For 2020, the City will have a budget of $147.1 million, an increase of $2.6 million, or 1.8%. These expenses include $64,750,400, or nearly 50% of the tax revenues, paid to the Ville de Montréal. These agglomeration services include police, fire safety, public transit, water treatment, air quality, the municipal court and property assessment.
Regarding the capital budget, the City will maintain a high rate of investment that will benefit the entire community and will include the repair of seven streets, the redevelopment of sports fields, the construction of a new chalet at Grande-Anse Park, the replacement of docks giving access to Lake Saint-Louis, the improvement of sustainable development actions and the implementation of special planning programs for the Pointe-Claire and Valois villages. This represents an investment of $22 million in 2020.
“Our administrative rigour guarantees a pleasant, quality and safe living environment for all our citizens as well as a wide range of public services. This quality management ensures a promising future for Pointe-Claire. We will continue to work hard to ensure that Pointe-Claire is and remains an exceptional living environment for all,” Mr. Belvedere concluded.
Information: 514-630-1200, email@example.com