Ontario Tax Sale Property     

Providing free tax sale property listings for Ontario, Canada    


Property Tax Sales




Source: City of Cornwall - Canada

f taxes on vacant or improved land remain unpaid for a period of at least three years, the Municipal Act provides legislation to municipalities a process in which to recover said taxes. The Municipal Act provides for the municipality to register a Tax Arrears Certificate against properties in any of the prescribed property classes.

A Tax Arrears Certificate indicates that the property will be sold if taxes, penalties, interest and all costs incurred by the municipality are not paid within one year from the date of registration of the certificate. Once the certificate has been registered, partial payments cannot be accepted, but a Council approved tax extension agreement may be arranged with the owner of the land, the spouse of the owner, a mortgagee or a tenant in occupation of the land prior to the expiry of the one year period.

Upon expiration of the one year redemption period, the municipality may advertise the property for sale for non payment of taxes. Advertisements are published in the local newspaper (Standard Freeholder) once a week for four weeks and the Ontario Gazette for one week.

After the four week advertisement requirement, submissions are to be accepted by the public tender method using forms provided by the Department of Financial Services accompanied with a bid in the form of a certified cheque/bank draft or money order for at least 20% of the tendered amount submitted in a sealed envelope prior to the specified date. If no one submits to the minimum bid or no bids are received, the City has the option to vest the property in the municipality's name.

From the day of notification to the highest bidder, this eligible bidder has fourteen (14) days to complete the transaction. All properties are sold without warranty and are sold "as is". The treasurer is not bound to inquire into or form any opinion of the value of the land before conducting a sale and the treasurer is not under any duty to obtain the highest or best price for the land. The municipality has no obligation to provide vacant possession, if occupied.



Next: A penny saved . . . is a cottage lost

Previous: Considering a Tax Sale Purchase?



Add to Informational Site Network
Report
Privacy
ADD TO EBOOK








Tax Sale Property Listings

Canada:
Current Ontario Tax Sale Properties - EBook Guide

Ontario Tax Sales - 2018
Ontario Tax Sales - 2017
Ontario Tax Sales - 2016
Ontario Tax Sales - 2015
Ontario Tax Sales - 2014
Ontario Tax Sales - 2013
Ontario Tax Sales - 2012
Ontario Tax Sales - 2011
Ontario Tax Sales - 2010
Ontario Tax Sales - 2009
Ontario Tax Sales - 2008
Ontario Tax Sales - 2007
Ontario Tax Sales - 2006
Ontario Tax Sales - 2005
Ontario Tax Sales - 2004

Current Alberta Tax Sale Properties

Alberta Tax Sales 2014
Alberta Tax Sales 2013
Alberta Tax Sales 2012
Alberta Tax Sales 2011
Alberta Tax Sales 2010
Alberta Tax Sales 2009
Alberta Tax Sales 2008
Alberta Tax Sales 2007
Alberta Tax Sales 2006
Alberta Tax Sales 2005
Alberta Tax Sales 2004

Nova Scotia Tax Sale Properties

New Brunswick Tax Sale Properties

USA:
New York Tax Sale Properties
Texas Tax Sale Properties

Sheriff's Sales
Ontario Sheriff Sales Properties

Ontario Tax Sale Research

Listing by Date
Listing by Counties, Listing by Districts, Listing by Regions, Listing by Single Tier

* My Properties *


Latest Discussion Posts

>> Coaches close to league think Lakers simply gave Frank Vogel a 1-yr extension by MaryHong
>> A effortless search at some Warriors likelihood by MaryHong
>> Celtics assistant Jerome Allen available instruction situation with Detroit Pist by MaryHong
>> 2021 NBA Draft Mailbag: draft evening is exactly one particular 7 days absent by MaryHong
>> It's been tiring masking the Cleveland Cavaliers a short while ago by MaryHong
>> Bulls vs. Thunder preview and thread: can the contemporary lineup do it once aga by MaryHong
>> ECF Roundtable: What is the largest situation with the Hawks matching up with th by MaryHong
>> Re: Ramara - Lakeview Results by Dave2
>> Re: Ramara - Orkney Beach - "bathing rights" by Slick_Willy
>> Re: Dysart et al Results? by David121314
>> Re: Ramara - Orkney Beach - "bathing rights" by smilesnoopy
>> Re: Ramara - Orkney Beach - "bathing rights" by matt
>> Re: Bayham Results by Dave2
>> Bayham Results by Slick_Willy
>> Ramara - Orkney Beach - "bathing rights" by Slick_Willy
>> Re: Looking for user . M Lee by David121314
>> Re: What's the best item you have found in a tax sale property? by David121314
>> Re: Rideau Lakes by melina675
>> Re: I won a lanark Highlands property by worldjohn
>> Re: Georgian Bluffs by AlexaJhon
>> I won a lanark Highlands property by worldjohn
>> Re: Re: Dysart et al Results? by mountainman
>> Re: Dysart et al Results? by Jayz
>> Re: Dysart et al Results? by mountainman
>> Dysart et al Results? by Jayz

Visit the tax sale properties discussion boards


Articles

>> Canada Property Tax by Wikipedia
>> How To Avoid Negative Equity In Real Estate Investment Financing by Joel Teo
>> Property Tax Sale Process by City of Markham
>> How To Buy Before It Gets To Foreclosure by D. Brownlee
>> What You Should Know About Foreclosure Houses by Masni Rizal Mansor
>> If Real Estate Investment Is So Great, Why Doesn't Everyone Do It? by Bruce W. Ford
>> Tax Sale Process by City of Kingston
>> Save Big Time Buying A Foreclosure by J. Brian Keith
>> How Profitable is Your Tax Lien Investing? by Joanne Musa
>> Reasons of Getting Rich by Buying Pre-foreclosure by Shawn Daren

View more tax sale property articles


Other

Tax Sale Property Books
Kindle

Tax Sale Property Links


Follow @taxsalesont



Privacy Policy