If a property owner pays their outstanding taxes before the last day of the tax sale on June 29, they will be able to retain their property. The City makes every reasonable attempt to contact the property owner by mail, telephone, site visits and speaking with neighbours to locate and inform the property owner before listing a property for sale. Residential – occupied by Toronto Community & Culture Centre The 22 properties along with their current status and the minimum tender amount are: Address Typically, tax sale properties have large outstanding arrears and may not be occupied, or the owners may be deceased or have relocated and next of kin cannot be found. This allows the property to be put up for sale one year after the registration of the Certificate, unless it is paid off in full by the owner or another interested party, such as a lien or mortgage holder.
Once a property has accumulated property tax arrears of two years or more, a Tax Arrears Certificate is registered against the title of the property. The bidding period to purchase these properties is open until Wednesday, June 29. Twenty-two properties with a combined total of more than $21.1 million in unpaid property taxes are for sale. The City of Toronto is holding a Sale of Land by Public Tender, known as a “property tax sale”, as a final step in the collection of overdue, unpaid property taxes.
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