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Properties sold at a tax sale
Properties in the District with taxes that have not been paid in the last three years are subject to tax sale on the last Monday in September.
How the tax sale auction works
Before the tax sale date, a list of properties that may be included in the sale is published in the North Shore News, twice within a 10-day period. The listing is subject to change, up to the time of the auction.
At the time of auction, property bidding begins with the 'upset price,' which is the total amount of:
- all outstanding taxes, penalties, and interest
- land title registration charges
- a 5% tax sale cost charge
- fees prescribed under the Land Title Act
The auction continues until the highest bid is received.
If you are a successful bidder
If you are the successful bidder (purchaser), you must secure your bid payment by cash or bank draft by noon on the tax sale day. If payment is not received, the property will be immediately offered again at public auction.
You will not have the right to receive title or possession of the property until one year following the date of the tax sale.
During the one-year redemption period, the owner has the right to redeem the property from tax sale by remitting the full upset price, plus interest on the purchase price.
If the property is redeemed by the owner, you will receive the bid price plus interest at the prescribed rate. For income tax purposes, T5s will be issued on interest paid to the purchaser.
Are you a property owner facing a tax sale?
If you are a property owner facing a tax sale, you can contact our office at 604-990-2488 or email@example.com.