The new property assessment role for the years 2025 to 2027 has been submitted to the city of Val-d’Or. It reveals a 22% increase in the total value of real estate, which went from almost $4.2 billion to just over $5.1 billion.
Thus, the average value of a single-family residence is now $360,990, an increase of 24.1% compared to 2024.
What will happen in terms of municipal taxes? “On the one hand, rising property values can be beneficial for homeowners, but we understand that it can also raise concerns about taxation. The municipal council will analyze the situation when developing the 2025 budget in order to adjust the rates and limit as much as possible the impact of this increase on the next tax bill. However, even by adjusting the rates, the increase in values on the roll may have an effect on the tax bill. For example, if the increase in the value of a home is greater than the average increase, this will result in an increase in the tax bill. We will present the new rates when the budget is adopted on December 16,” explains the mayor, Céline Brindamour.
Variation in values compared to the 2022-2023-2024 role
• 1 to 2 dwellings: + 23.4%
• 3 to 5 housing units: +26.9%
• 6 dwellings and more: + 26.5%
• Condos : + 22,1 %
• Mobile homes: +20.6%
• Agricultural production: +19.8%
• Commercial properties: +16%
• Industrial properties: +17.3%
• Vacant land: +13.9%
You can consult the new municipal assessment role online. It is also possible to request a review as provided for in the municipal taxation law by completing a form before April 30, 2025. You can see the procedure on the Ville de Val-d’Or website as well as on the assessment notice which will be attached to the next tax bill.
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