Free Ontario Tax Sale Property Listings

Thursday, March 3, 2011

The Minimum Tender Amount - What is it & Where does it come from?

In this edition of our Company Blog we would like to address another common question we receive from our members regarding tax sale properties.

The Minimum Tender Amount - What is it & Where does it come from?

The Minimum Tender Amount (or otherwise known as, the Cancellation Price) is the amount of all tax arrears owing right up to the first day of advertising, this amount includes penalties, interest, and all reasonable costs incurred from the time the municipality becomes entitled to register a Tax Arrears Certificate under Section 371(1) of the Municipal Act, 2001.

The Minimum Tender Amount is the lowest you may tender or bid on a tax sale property.
Any tenders or bids that do not meet or exceed this amount will be rejected and returned to the tenderer or bidder.

Because there are so many types of tax sale properties the total of the Minimum Tender Amount can fluctuate depending on several different variables.
Some of the charges that can be added in addition to the amounts under Section 371(1) are costs associated with,  
  • The Supply of Water  
  • The Supply of Artificial or Natural Gas 
  • The Supply of Steam or Hot Water
  • The Use of a Sewage System
  • The Use of a Waste Management System   
Including certain fees and charges for business improvement 
(1)  Fees and charges that are imposed by a municipality or local board under the Act and meet the requirements of paragraphs 1 and 2 of subsection 361 (13) of the Act have priority lien status as described in section 1 of the Act. O. Reg. 581/06, s. 2 (1).

(2) Fees and charges described in subsection (1) and imposed before the day this Regulation comes into force have priority lien status effective the day this Regulation comes into force.

For more information regarding this regulation please visit the following link.

Fees and Charges - Priority Lien Status

To view a copy of the Tax Sale Rules and Tax Sale Legislation please click below. 

Tax Sale Rules and Legislation

If you have any further questions please feel free to email us at  
What are Targeted Tax Sale Tips?

Targeted Tax Sale Tips are sent weekly with our ' - Upcoming Tax Sales' newsletter and posted frequently in our Company Blog.

Each week the topic will vary from simple tax sale do's and don'ts, to in depth detailed information regarding legislation and much more!

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