TAMRMS#: B09
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2018 Public Tax Sale
Presented by: Greg Dahlen, Director of Assessment & Taxation Services
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RECOMMENDATION(S)
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1. That the City Assessor be authorized to set a reserve bid for each parcel of land on the tax arrears list that is to be offered for sale at the April 26, 2018 public tax sale, with the requirement that the City Assessor set the reserve bid as close as reasonably possible to the market value of each property.
2. That the Terms and Conditions of Sale, provided as Attachment 2 to the March 5, 2018 agenda report entitled “2018 Public Tax Sale”, be approved.
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PURPOSE OF REPORT
This report provides Council with an overview of the tax recovery process and the steps leading up to a possible tax sale on April 26, 2018.
COUNCIL (OR COMMITTEE) DIRECTION
The Public Tax Sale report is brought before Council annually.
BACKGROUND AND DISCUSSION
Municipalities typically have a tax recovery process in place to collect taxes on properties that are delinquently in arrears. Sections 410-422 of the Municipal Government Act outline the process whereby the municipality can attempt to collect these tax arrears. Any property that is in arrears for two or more taxation years is eligible to become part of the tax arrears list. A tax sale via “public auction” is the method that a municipality has at its last disposal to recover taxes in arrears. No property can be sold at less than its market value based reserve price, as established by the City Assessor. Typically, owners or mortgage companies will make arrangements to settle the tax account prior to the date of the auction. However, the City must still make provisions for a public tax sale, should it be necessary. The tax recovery process is described in depth in Attachment 1.
As of January 19, 2018, there remained 14 properties on the outstanding tax arrears list.
If required, the public auction is scheduled for 2:00 p.m. on April 26, 2018 in the Doug...
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