Messages

1

Questions and Answers / Re: Unorganized Territories

« on: October 16, 2013, 05:27:32 PM »

Ouch! Well I guess we won't continue to hold our breath for a sale then.

I'm still a little confused though... Generally, the land taxes for unorganized properties are quite small in comparison to it's retail value and especially in comparison to a similar property in an organized township. For an extreme example, check this out:

http://www.recreationland.net/recreation_land_for_sale/ontario/Hunting_Land_and_Large_Acreage_For_Sale/File_2_-__160_ACRES_IN_LITTLE_TOWNSHIP_NORTHEAST_OF_TIMMINS_ONTARIO/index.html

So my point is, how would a delinquent owner recover his equity portion of the property after the crown confiscates it for a meager amount of land taxes owing? I understand in a normal tax sale, he could apply to receive the excess funds from the sale... But in your scenario, how does this happen? Are they obligated to turn around and sell it within a certain amount of time? Maybe even in a discounted "fire sale" fashion to push a quick settlement? 

I'm very interested to hear more details about this, if possible.

Thanks!

2

Questions and Answers / Unorganized Territories

« on: October 15, 2013, 11:43:49 PM »

Hi guys, an unorganized plot of land is what we're really after, but cringe at the idea of paying retail...

Do these ever come up for Tax Sales in Northern Ontario?

How rare are they if they do?

Where would these sales be conducted? Would it be in Oshawa where the provincial land taxes are remitted (http://www.mah.gov.on.ca/Page2103.aspx)?

Lot's of question, I know... Thanks for the help!