Each fraction forms a distinct entity for the purposes of property evaluation and municipal and school property taxation; all the expenses affecting the whole immovable property are shared between the fractions according to the relative value of each one of them. This relative value appears in the declaration of co-ownership. In other words, the total evaluation of the building is divided according to the share attributable to each of the private portions. As for the portion of the evaluation attributed to the common portions, it is divided according to the share attributable among all the co-owners of the immovable property.
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