How to evaluate my next tax bill
Residential municipal taxes are based on the market value of your property, to which the tax rate for the category of your residence is applied (5 dwellings and less, more than 5 dwellings, commercial, farm, woods, etc.).
This tax rate by category is the same for the entire territory of Magog, whether for an urban area or for a rural territory, and regardless of the services offered (or even the absence of services). As aberrant or obsolete as it may seem, this is how Municipal Taxation Law works.
The market value of your property is reviewed every three (3) years. This is called “The Evaluation Role”. Consequently, it is the real estate market that dictates the valuation of your property.
Tax rates may change according to decisions of the Municipal Council. There will always be a difference between the tax rate of an urban district (Magog = 0.73) and that of a rural municipality (Canton de Stanstead = 0.2778). And this difference has only become more accentuated in the recent past and will continue to do so in the future, due to the ever-growing needs of the central city, its extravagant projects always running over costs, and the poor management of its priorities.
The independent assessor mandated by the MRC Memphrémagog for the various municipalities that make it up, is the firm J.P. Cadrin & Associés
Association Memphré-Rural
Magog evaluation role
The current evaluation role, applicable from 2022 to 2024, was determined on July 1, 2020. It only reflects the first four (4) months of the real estate boom associated with the pandemic.
The next evaluation role, applicable from 2025 to 2027, was determined by the value of your property on July 1st, 2023. It fully accounts for increases in the real estate market associated with the pandemic. It will be disclosed at the end of 2024.
It will only be from January 1st, 2025 that we will realize the full devastating effect of the pandemic on our municipal tax bills. The dizzying increases of up to 80% and more in real estate market values in District-6 during the pandemic will inevitably be reflected in tax bills.
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Canton de Stanstead evaluation role
The new assessment role, applicable to the years 2024 to 2026, was determined on July 1, 2022. It includes average increases of 63.7% which reflect the real estate boom associated with the pandemic.
Calculation guide and simulation (table opposite)
Municipal tax = your property value X tax rate + municipal services
In this comparative table, your tax bill estimate is based on current rates.
District-6 of Magog:
Multiply the property value of your current account by 1.80. Your property assessments in 2025 will be based on the real estate market as of July 1, 2023, which has jumped on average by at least 80%.
Example: a property valued at $500,000, which will undergo an increase of 80% with the 2025-2027 roll, will see its property value increase to $900,000 and its municipal tax will increase to 900,000 x 0.73 + 357 = $6,573
Canton de Stanstead:
Same calculation, but with a tax rate of 0.2778 (instead of 0.73).
Example: a property valued at $500,000, whose property value would increase to $900,000, would see its municipal tax increase to 900,000 x 0.2778 + 226 = $2,726
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