Financial levy collected by a municipality or school board on an immovable. In the case of a divided co-ownership, real estate taxes are based on the value of each private portion (e.g. apartment or parking space) plus the value of the share (%) of the common portions associated with it. Real estate taxes, whether municipal or school taxes, are prior claims under the Civil Code of Québec.
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.
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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