The assessment roll is an inventory of all residential, industrial, commercial, institutional and agricultural properties on the territory. It indicates the value of each property on the basis of its real value, i.e., its exchange value on a free and open competitive market. In other words, it is the most likely price a buyer could pay for a property in a private sale. This value, which is entered on the assessment roll, serves as the basis for the application of municipal and school taxes.
The assessment roll is reviewed every three years to eliminate, as much as possible, any discrepancies between the market value of a property and the value entered on the roll.
