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.
This year's annual Tax Sale is scheduled for Monday, September 28 at 10am in Council Chambers at City Hall.
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.