Francine Bastien

The value of the real estate holdings in the Town of Brome Lake has experienced an unprecedented increase of 51.8%, from $2.14 billion to $3.25 billion. This is revealed in the town’s new assessment roll for 2025-27. As a result, the average value of a home increased from $507,700 to $772,200, which represents the market value as of July 1, 2023.

“These figures show that the real estate market in Brome Lake remains active and attractive…” stated Mayor Richard Burcombe in a press release. “While some may rejoice at the increased value of their assets, council understands this announcement may raise concerns among many of our citizens (…) our elected officials will adjust tax rates downwards to reduce the impact of this new role on taxpayers’ bills.”

Citizens will also receive an information letter on the new assessment notice and an information meeting on the assessment process will be held on Wednesday, November 6 at 7 p.m. at the Centre Lac-Brome.

Details and registration to be posted on the Town’s website.

The adjusted tax rate will be announced when the 2025 budget is tabled in December.