TAMRMS#: B06
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2019 Public Tax Sale
Presented by: Greg Dahlen, Senior Manager Assessment & Taxation
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RECOMMENDATION(S)
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1. That the City Assessor be delegated the responsibility under section 419(a) of the Municipal Government Act 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, 2019 public tax sale, with the condition 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 an attachment to the March 4, 2019 agenda report entitled “2019 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, 2019, and also recommends that Council take certain mandatory steps in preparation for the tax sale.
ALIGNMENT TO COUNCIL DIRECTION OR MANDATORY STATUTORY PROVISION
The recommendations in the report arise from mandatory provisions in Section 419 of the Municipal Government Act.
BACKGROUND AND DISCUSSION
Municipalities are required to follow a statutory process, set out in Part 10, Divisions 8, 8.1 and 9 of the Municipal Government Act (“MGA”) to recover property taxes that remain unpaid after December 31 of the year in which the taxes are imposed (“tax arrears”). The tax recovery process is described in more detail in Attachment 1, and is summarized as follows:
· A property for which taxes are in arrears for more than one year is placed on a “tax arrears list” which leads to a tax recovery notification being placed on the Certificate of Title to the property.
· If the taxes remain in arrears until March 31 of the following year, the municipality must put the property up for sale by public auction.
· If the property is sold at the public auction the municipality receives as much of the sale proceeds as required to pay off the tax arrea...
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