The Tax Sale Process by Public Auction
Tax Accounts that are two (2) years in arrears are subject to Tax Sale Proceedings and may be sold at Public Auction. The Municipality strives to hold at least two tax sales each year. If the taxes remain unpaid, the property is advertised in local papers prior to the tax sale. Tax sale notices are mailed by ordinary mail to the last known address. If no address is known, the notice may be posted on the premises. Once a date has been established for the next tax sale, you will be able to access an up to date listing of properties up for Tax Sale. The tax sale is a public auction with the successful bid being the highest bid at or above the total of all outstanding taxes, interest and expenses (tax sale costs). Only at the end of the redemption period, if the property has not been redeemed, will the title pass to the successful bidder.
The Municipality has the power to conduct tax sales through the Municipal Government Act. Click here to see the relevant section in the Act.
Not sure how tax sales work? Click here for answers to frequently asked questions!
The Tax Sale Process by Tender
Tenders shall be submitted in a sealed envelope, addressed to the undersigned and shall be clearly marked on the outside of the envelope “PROPERTY TAX SALE BY TENDER” to 375 Main Street, Port Hood, Nova Scotia, B0E 2W0. Bidders shall complete one “Tender Form” for each property they are bidding on. The Tender form is available from the Municipality of the County of Inverness (the “Municipality”) by telephone (902) 787-3510 or by email email@example.com.
Tenders will be accepted until 2:00 pm Atlantic Standard Time on Friday, February 5th, 2021.
Terms: Bidder must meet the minimum bid set per property; bid price includes HST (if applicable) and Certificate of Sale. In addition to the bid submitted on the tender, it is the bidder’s responsibility to cover the preparation and costs associated with the Tax Deed ($200.00). The accepted tender price must be paid within three full business days after being notified of acceptance. Failure to pay the accepted tender price within three full business days will result in the tender being awarded to another bidder above the minimum bid.
All properties are sold “as is where is”. Although the Municipality has made all reasonable efforts to confirm ownership, it does not guarantee title or boundaries of the aforementioned property. Prospective purchasers are responsible to conduct their own searches and surveys or other investigations.
The Municipality reserves the right to reject any or all tenders, to accept a tender that is not the highest bid, or to accept any tender which it may consider to be in its best interest. The Municipality also reserves the right to waive formality, informality or technicality in any tender. Tenders must be received by a qualified bidder. Immediate family or business affiliates of the property owner are not considered a qualified bidder.
Limitation of Liability: By submitting a tender, you agree that neither the Municipality, nor any of its employees, officers, agents, elected appointed officials, advisors or representatives will be liable, under any circumstances, for any claim, loss or damage you may suffer arising out of this tender process.
Tender Opening: Tenders will be opened Friday, February 5th at 2:30pm in the Council Chambers at 375 Main Street, Port Hood, NS. Formal notice will be given the following business day and the successful bidder will have three full business days after notice to pay in full.