Definition : Real estate tax - School tax

Real estate tax to be paid by a co-owner in respect of a private portion (such as, an apartment, a parking space or a locker) to the French or English School Boards serving the territory where his immovable is situated. School taxes are the main source of revenue to fund expenses related to the activities of the School Boards, such as the management of their schools and a portion of school transportation services.

 WHAT YOU SHOULD KNOW! Common portions and common portions for restricted use are not subject to such real estate taxes, as they are already a part of the unit of assessment constituted by the private portion.