The following notes are intended to provide a general outline of the tax sale process. For complete information, you should consult the Local Government Act, in particular (but not limited to) Division 7. www.gov.bc.ca
The City is required by the Local Government Act to sell at Tax Sale all properties whose taxes have not been paid for 3 years.
The Local Government Act gives the Collector authority to sell a property for the Upset Price which equals all outstanding taxes + penalties + interest + 5% administration costs + Land Title Office fees.
A public auction will be held at 10:00 a.m., on the last Monday in September each year.
To avoid your property from being sold at the Tax Sale Auction, all delinquent property taxes, plus delinquent interest must be paid in full no later than 9:59 a.m., on the last Monday in September.
If your property is sold at the tax sale, you will have one year to redeem the property. However, redeeming after the tax sale has significant additional costs.
Before Tax Sale - Minimum payment of delinquent taxes (2022 taxes) + interest
After Tax Sale - To redeem your property, payment of the following is required:
