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An immovable or group of immovables whose value is recorded on the real estate assessment roll. For immovables held in divided co-ownership, the Act Respecting Municipal Taxation specifically provides that each private portion forms a separate entity for real estate assessment and taxation purposes. In this erspect, the co-owner's share of the private portion in the common portions of the immovable is part of the unit of assessment.
21/09/2024
In divided co-ownership, the property of the building is divided among the co-owners in the form of "fractions." Each fraction includes a clearly defined private section, such as an apartment, a parking space, a storage unit, or even sometimes a piece of land. Additionally, each fraction grants a share of the common…...
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…...
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…...