Processing properties for Tax Sales:
Taxes must be in arrears for a minimum of two years before the property may be registered for tax sale. It must pass through public process for one year before a public sale may occur.
During this process,
- Notices and declarations are prepared for final notice
- Advertising for the sale must be placed in the Ontario Gazette for one week
- Advertising in the local paper, The Bracebridge Examiner, must be done for a period of four consecutive weeks
- After the four week advertisement, submissions are to be provided by public tender, to minimum bid
- If no one submits to the minimum bid, the Town has the option to vest the property in its name
- If there is a successful purchaser, the sale is processed as a general real estate transaction to be closed 14 days after the tender opening
Sale of Land by Public Tender
There are currently no properties listed for tax sale
Results of Tax Sale by Public Tender