Annual Property Tax Sale

PUBLIC NOTICE OF TAX SALE

The 2024 TAX SALE is cancelled.

There are no properties eligible for auction.

Pursuant to Section 254 of the Community Charter and Section 647 of the Local Government Act, notice is hereby given that the following properties will be subject to TAX SALE unless the delinquent taxes together with interest are sooner paid. 
The 2024 TAX SALE will be conducted in the Council Chambers of the City of Penticton, 171 Main Street, at 10:00 a.m. on MONDAY, OCTOBER 7, 2024.

The City of Penticton makes no representation, express or implied, as to the condition or quality of the properties being offered for sale.  Prospective purchasers are advised that it is their responsibility to make all necessary inquiries and search the title in advance to determine if there are any charges against the property.  All properties are sold as is.

Pre-registration of bidders will be required. Deadline to register as a bidder in the 2024 Tax Sale is 11:59 a.m. Friday, October 4, 2024.

The Tax Sale is conducted as a live auction with the highest bidder being deemed as “purchaser at tax sale”.  Purchasers at Tax Sale will be required to provide their full name, address, occupation and SIN number.  The minimum bid is the upset price, which consists of the total of all taxes: delinquent, arrears, and current, together with penalties and interest thereon, plus 5% of the foregoing amount, and Land Title Office fees. 

The Tax Sale is adjourned until 2:00 p.m. allowing time for the “purchaser at tax sale” to make their payment in certified form.  The owner or any person who has a registered charge may, within one year from the tax sale date, redeem the property by paying to the Revenue Supervisor (Collector) the upset price with the applicable interest.  Upon redemption, the purchaser at the tax sale is refunded the purchase price plus interest (9.45% effective October 1, 2024).  Properties not redeemed are subject to tax under the Property Transfer Tax Act on the fair market value of the property.

For further information and to register as a bidder at the 2024 Tax Sale, please contact the Tax Department at (250) 490-2485 or email taxclk@penticton.ca.

Tax Sale Information

The following notes are intended to provide a general outline of the tax sale process. For more information about the annual sale of properties, prospective purchasers should consult the Local Government Act.

  • 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% tax sale costs + Land Title Office fees.
  • All property sales are "as is" without warrant or guarantee by the City of Penticton.

Advertising

  • The Local Government Act requires municipalities to advertise in a local paper not less than 3, or more than 10 days before the Tax Sale.
  • The legal description and street address must be published
  • To avoid your property being listed in this ad in the paper, your delinquent taxes must be paid approximately 2 weeks before the Tax Sale date.

Tax Sale

  • A public auction will be held at 10 am, on the last Monday in September each year in Council Chambers, City Hall.
  • Bidding is accepted on all properties
  • Prospective bidders are advised that it is their responsibility to search the title of the property in advance to determine if there are any charges registered against the property.
  • The minimum bid is the amount of the upset price.
  • If no bidding takes place within 3 calls by the Collector (auctioneer), the City is declared the purchaser at the upset price.

Purchasing Property

  • The successful bidder is required to have their SIN or BN, your corporate seal if required.
  • Payment is to be in the form of cash or certified cheque for the purchased price at the close of the Tax Sale.
  • If full payment is not received by 2:00 pm on the day of the Tax Sale, the Collector again offers the property for sale.

Notifying Charge Holders

  • The Collector is required by law to search all property titles and within 90 days after Tax Sale notify all registered charge holders shown on each property.

Redemption

  • The original owner has one year after the property is sold at Tax Sale to pay the taxes and buy back their property. This is called redemption.
  • All registered charge holders have full right to redeem the property.
  • To redeem the property, the charge holder must remit the full upset price, plus interest on the purchase price at a rate set by the Province, within one year of the Tax Sale.
  • As soon as the property is redeemed, the Collector will refund to the Tax Sale purchaser the purchase price, plus interest to the date of redemption.

Property Not Redeemed

  • If the property is not redeemed during the one year period, the Collector registers the new owner at the Land Titles Office, thus cancelling all previous registered charges, except for those matters set out in Section 276(1)(c) to (g) of the Land Title Act and any lien of the Crown, an improvement district or a local district.
  • The new owners are required to pay the property tax sales tax to the Provincial Sales Tax Administrator after application has been made to register the Land Titles Office.