Ontario Tax Sale Property
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Minimum Bid
Chapter: BIDDING
Rob
Can a property go for less than minimum bid
Patihfinder369
I believe that the municipality cannot accept less than the outstanding tax as it is set out under the Municipal Act as to how they much they can accept. If they do not get the amount asked for, then they have the option of taken legal ownership of the land and they could then use it for municipal purposes or then sell it at a later date, for whatever fair market value is. (Im not sure of the procedure to make this done.)
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