Montreal tax bills to go up next year
For a fourth consecutive year, Montrealers can expect an inflationary increase in the overall city tax bill next year.
The Tremblay administration is projecting a 2.2 per cent hike in the basic property tax bill, plus a 1.2 per cent increase in the city's water fund tax.
It adds up to an overall hike of 3.4 per cent or roughly $120 on the average Montreal tax bill.
The anticipated increases don't include local taxes that about half the boroughs currently add to the city's tax bill, with more boroughs expected to start levying such a local tax next year.
Meantime, the city's overall debt is pegged at roughly $4 Billion, with a little over 16 per cent of the city budget set aside to pay the interest on that debt.