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Real estate tax owed to the municipality by a co-owner in respect of a private portion (such as, an apartment, a parking space or a locker). Municipal taxes are the main source of funding for expenses related to utilities such as water, sewer, police, fire protection, recreation, cultural activities, roads, waste removal or intermunicipal mangement board.
WHAT YOU SHOULD KNOW! Common portions, including common portions for restricted use, are not subject to this type of real estate tax because they are already part of the unit of assessment constituted by the private portion.
01/07/2024
The municipal value of a property is often a basic measure of market value. With the increase in the market value of buildings, caused by a booming real estate market, a co-owner may have a clear interest in asking his municipality to change the value of his unit (to reflect…...
17/07/2019
Undivided co-ownership has existed since time immemorial, even before the existence of divided co-ownership. Joint ownership allows two or more people to own a building while sharing the acquisition and operating costs. A co-ownership is said to be undivided when the right of ownership is not accompanied by a physical…...
29/05/2015
The Act respecting duties on transfers on immovables obliges local municipalities to collect a duty on the transfer of any immovable situated on their territory. Taxable to the purchaser, this right is called "welcome tax" not to qualify a sign of hospitality but in memory, perhaps a little in derision,…...
02/03/2010
À la dernière assemblée de condos, j'ai lu les états financiers et je n'ai vu nulle part que le syndicat payait des taxes foncières. Cela m'étonne beaucoup. Si le syndicat est propriétaire des parties communes, alors c'est logique qu'il soit soumis aux mêmes règles que chacun des copropriétaires à l'égard…...