Part 10, Division 8 of the Municipal Government Act (the "Act") requires that a municipality annually, by March 31, prepare a tax arrears list showing the parcels of land on which there are tax arrears for more than one year, that is, they are unpaid a year from January 1 following the year the taxes were imposed. If the taxes have not been paid, an action (e.g., public auction) has not been started, and a tax agreement providing for the payment of arrears is not reached between the municipality and the landowner, the municipality must offer for sale at a public auction any land shown on its tax arrears list. Any parcel of land shown on the 2019 tax arrears list which remained in arrears on March 31, 2020 must be offered for sale at public auction between April 1, 2020 and March 31, 2021. Designated mobile homes are dealt with in a similar manner under Part 10, Division 8.1 of the Act, with the exception that a tax recovery lien (statutory charge) is registered against the property and notice is issued to the mobile park operator.
The Act requires Council to set a reserve bid that is as close as reasonably possible to the market value of each property and any terms and conditions that apply to the sale.
Reserve bids are for current market value and have been prepared by the City Assessor. Terms and conditions have been reviewed by legal counsel and have not been modified from the prior year.