Each year, if required, the City of Port Coquitlam holds a municipal tax sale. A tax sale is a public auction of all properties that have not paid their taxes for three years.
The following notes are intended to provide a general outline of the tax sale process. For complete information, prospective purchasers should consult the Local Government Act, Division 7 — Annual Municipal Tax Sale, Sections 645 – 672. The Local Government Act is available online.
The Local Government Act requires the City to sell at Tax Sale all properties whose taxes have not been paid for 3 years.
The Local Government Act gives the City Collector authority to sell a property for the Upset Price which equals all outstanding taxes + penalties + interest + 5% administration fee + Land Title Office fees. All property sales are “as is” without warrant or guarantee by the City of Port Coquitlam.
Advertising
- The Local Government Act requires municipalities to publish a notice of annual tax sale not less than 3 days and not more than 10 days prior to the Tax Sale.
- The legal description and street address must be published.
- To avoid having your property listed on the notice, your delinquent taxes must be paid approximately 4 weeks prior to the Tax Sale date.
Tax Sale
- Each year, a public auction will be held at 10:00 am, on the last Monday in September 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.