Annual Property Tax Sale
Any property with delinquent taxes will be sold at the City’s annual tax sale unless the delinquent taxes, with interest, are sooner paid. The City is obliged to hold the annual tax sale each year on the last Monday of September. It is held at 10:00 am at City Hall located at 511 Royal Avenue, New Westminster, BC. Taxes become delinquent on January 1st of the second year following the year in which the taxes were billed.
The list of properties that may be available for sale will be published in the local newspapers on two separate dates, the last publication being not less than three days or more than ten days before the date of the tax sale. A final list of the properties still available for sale will be distributed at the time of the tax sale.
The sale is a public auction with the successful bid being the highest bid above the upset price. The upset price is the total of all outstanding taxes plus penalties, interest and costs.
Research properties before you bid. The City is not responsible for the condition or quality of the properties being offered for sale.
All Provincial Health Officer orders for public indoor settings will be applied during the tax sale process. Based on current Provincial health regulation, the tax sale will be limited to 24 participants. Due to social distancing requirements and the need to limit the number of attendees, all bidders must pre-register between 8:35am to 9:55am at City Hall. No registrations will be permitted after 9:55am. Only registered bidder will be allowed into Council Chambers for the tax sale process. Friends or family of registered bidders are prohibited.
Registered participants must be the age of majority, 19 or older, to register and will be required to show photo ID showing their legal name and their Social Insurance Number (SIN) when registering. Registered bidders must have in their possession certified funds of the upset price at the time of registration.
The minimum bid is the amount of the Upset price. If no bidding takes place within three calls by the Collector (auctioneer), the City is declared the purchaser at the Upset price.
The highest bidder at or above the upset price shall be declared the purchaser. The purchaser must pay by certified cheque or bank draft. Bidders will be given until 2pm on September 27, 2021 to secure funds for the balance of the bid price. Upset price to be paid at time of tax sale.
The owner of the property, or any registered charge holder, will be notified of the sale of the property for taxes. They have a period of 12 months to redeem the property by paying the outstanding taxes. Only at the end of the redemption period, if the property has not been redeemed will title pass to the successful bidder. If the property is redeemed, all of the amounts paid to the City by the successful bidder will be returned with interest at the rate prescribed under section 11(3) of the Taxation (Rural Area) Act.
The successful bidder has only limited legal rights to the property during the redemption period. The registered owner continues to have use and enjoyment of the property.
The successful purchaser of tax sale property that results in transfer of title at the end of the redemption period will be required to pay any property purchase taxes and goods and services taxes which may apply to the sale.