2026 Belleville Property Assessment Analysis

Based on the 2026 returned assessment, the City of Belleville has 21,553 (2025 – 21,508) properties with a total assessment value of $7.0 billion. Included in this total is $460 million in “exempt” assessment which represents 6.56% of total assessment for the City. Examples of some of the significant exempt properties include but are not limited to Municipal property, Schools, Hospitals, and Churches.

Residential assessment has increased by 1.10% or 50.1M (2024 – $66.8M). Assessment in this area is down compared to assessment growth in the prior year. This increase is below the previous three year average, however it is expected that residential growth will see increases going forward, in line with increased efforts to stimulate and accelerate housing supply and housing starts currently underway. Both Provincial and Federal policy and funding have been directed towards continued growth in this sector, and the City of Belleville is actively monitoring residential housing targets set for it under Provincial policy and Federal funding programs.

Commercial assessment grew by $14.96M in 2025, representing a 1.14% increase. Overall growth in this portfolio is positive and has outpaced n normalized growth in the past three years. While growth was above normalized levels, a significant portion was related to a large development add in the year.

Industrial Assessment increased in the year by $4.6M (2.60%). This increase was predominately related to an expansion of an existing Industrial property within the Belleville Urban area.

Continuing commercial tax appeals have and continue to pose a significant cost and financial risk to the City. Current open and unresolved appeals have a total assessment being challenged by taxpayers totaling approximately $78.6 million, translating to Municipal taxes of $2.4 million.

• Tax adjustments – $1.1M
• Seniors & disabled rebates – $476k
• Charity rebates – $105k