Purchasing a property comes with its share of responsibilities. You must pay property taxes every year. The amount and frequency vary according to several criteria (property value, geographic location, etc.).
There are 2 types of property taxes:
Municipal tax: amount to be paid to your municipality, based on the value of your property and its land. Except in exceptional cases, you receive your tax account before March 1st of each year.
School tax*: amount to be paid to your school service centre, formerly known as the school board, which serves the area where your property is located. The amount is usually collected twice a year (if it's $300 or more).
*Please note that the payment of school taxes is for Quebec residents only.