The amount of the duties on the transfer of immovables is calculated on the greatest among the following amounts:
The purchase price of the property;
The amount of the transaction registered on the act of transfer;
The amount of the real market value of the building or property at the time of sale.
The amount of the duties on the transfer of immovables is calculated according to the following scale:
0,5 % on the first $50 000;
1,0 % on the amount in excess of $50,000 but not exceeding $250,000;
1,5 % on the amount which exceeds $250 001.
***The municipality does not reissue a property tax bill following a property transfer. However, the new owner is responsible for making sure the taxes are paid.***