Municipality

Tax Sales

What is a tax sale?

When a given property has unpaid property taxes owing to it, the municipality has the ability to sell the property, after at least its fourth year of arrears, in order to recover those unpaid taxes. These properties are typically sold at a much lower price than market value because the municipality only has to recover the amount of taxes owing on the property, plus the costs involved in conducting the sale.

The property that is sold at tax sale will not be accompanied with any mortgage. The only exception to this would be if the property’s mortgage is held in favor of the provincial or federal government or a crown agency. Tax sale properties are sold by means of either a public auction or tender.

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