Tax Sale

Currently there are no properties set for Tax Sale by Public Tender.

A property is eligible for Tax Sale if there are 2 or more years of outstanding taxes as of January 1^st.

Section 373(1) of the Municipal Act states:

“Where any part of tax arrears is owing with respect to land in a municipality on January 1 in the second year following that in which the real property taxes become owing, the treasurer of the municipality, unless otherwise directed by the municipality, may prepare and register a tax arrears certificate against the title to that land”

Cancellation Price

The Cancellation price includes:

• All tax arrears
• Current taxes
• Interest and Penalty
• All responsible costs incurred by the municipality after registration of the tax arrears certificate.

If the Cancellation Price is not paid in full within one year of registration of the Tax Arrears Certificate on title to the property, and a valid extension agreement is not in place, the Municipality of Lakeshore may advertise the property for sale in the local papers for four (4) consecutive weeks and the Ontario Gazette for one (1) week.

Tax Sale General Information:

• The Treasurer is not required to form an opinion of the value of the property before conducting a tax sale.
• All tax sale properties are sold as-is without warranty and the Municipality of Lakeshore has no obligation to provide vacant possession to the successful purchaser.
• Section 383 (1) and (2) of the Municipal Act allows for the cancellation of tax sale proceedings at any time prior to the registration of the tax deed.