Definition : Real estate tax - Municipal taxes

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.

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Transfer duties, commonly called “welcome tax” are an additional source of revenue for cities and municipalities. This tax requires you, as a new owner, to pay duties on the acquisition of real estate. It applies to transfers of any new or used building and land, unless exempted by Law. Any new purchaser has 30 days to pay his transfer duties, from the moment he receives the invoice asking him to pay them. Generally, this invoice is sent a few weeks after the acquisition of the apartment.  
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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 de sa partie privative. Je ne sais pas trop quoi penser : le syndicat doit-il payer des taxes foncières?
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