"Tax delinquents to face threats of property seizures."

"One year to pay taxes before properties are sold."

"Municipalities set their sight on tax deadbeats."

"Angered that unpaid realty taxes total almost $82 million, area municipalities may seize and sell hundreds of properties."

 


Your One Stop Source for Ontario Tax Sale Property Information.

Unfortunately, many people today simply cannot afford a home, much less a recreational property. This is often due to high property taxes, high mortgage costs and the continuing increase in prices. Tax sale lands provide a possible avenue for any individual to acquire a piece of real estate and pay much less than market value for it. Ontario tax sale properties can be purchased at discount prices by informed buyers.

Each year Ontario cities, towns, villages, and townships compile a list of properties against which taxes have been outstanding for at least two consecutive years. After this two year period, the municipal treasurer prepares a tax arrears certificate and registers it against the property in question. This certificate gives an accurate description of the property and indicates that the land will be sold by public sale if all taxes are not paid to the municipality within one year of the registration of the certificate.

In spite of the municipality's efforts, taxes often go unpaid.


WHY DON'T THESE TAXES GET PAID ?

There are many reasons why properties come to be sold for non-payment of taxes. Some of the most common ones are financial difficulties, death of an owner with no apparent will or heir, owner living abroad and not realizing his/her obligations, owner moved and cannot be traced, disputes of ownership with no party resorting to the courts for settlement, etc....


TYPES OF PROPERTIES SOLD

Tax sale properties can consist of vacant lands (such as bush lots and timberland), improved lands (such as farms, cottages and houses), commercial or industrial properties, and occasionally islands. They vary from small lots to large parcels with hundreds of acres.

 

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The following examples illustrate some of the successful purchases made by those who knew how to proceed and who had access to current lists of Ontario tax sale properties:
City house $27,250
Subdivision building lot $4,360
Large building in the city (3 commercial and 3 residential units) $18,156
Rural bungalow on large lot $36,000
Prime farmland - 23 acres $7,500
6 acres of waterfront property and a 1 acre island $13,000
Waterfront cottage on 3.5 acres $14,900
50 acre woodlot $5,200
Now you too can find bargains like these. Yes, the prices seem incredibly low. This is because the properties are generally only two or three years behind in their taxes and the municipality is usually only interested in recovering due taxes. These frequently range between $500. and $4,000.