Montreal tables $7.28 billion budget for 2025, property taxes increasing by 2.2 per cent

The City of Montreal tabled its $7.28 billion operating budget for 2025 that included a 2.2 per cent average increase for residential property taxes.

The City of Montreal tabled its $7.28 billion operating budget for 2025 on Wednesday, including a 2.2 per cent average increase for residential property taxes.

The budget is $282.4 million more than in 2024, but the property tax increase is well below 2024 at 4.9 per cent.

Montreal Mayor Valérie Plante’s Projet Montreal administration also released its $24.8 billion 10-year capital expenditure program.

This is Plante’s eighth budget and the last one she will present as mayor after announcing that she would not be seeking re-election next year.

“It is a budget that responds to the urgent priorities that the city must face and that continues to position Montreal as a metropolis of the future, anchored in its time," she said. "I am proud to leave the house in order and to offer the next administration solid programs to continue building an affordable, safe, dynamic metropolis that is adapted to climate challenges."

Here are the increases in residential property taxes by borough:

Property taxes increased by an average of 1.9 per cent in the non-residential sector.