Cape breton municipality tax sale

Cape Breton's Victoria County had its most successful tax sale ever last month, prompting officials to wonder if the increase in interest is yet another sign of Nova Scotia's hot real estate market.

Some people go to municipal tax sales to pick up properties on the cheap, but there's at least one property at Cape Breton Regional Municipality's next sale that's not such a bargain. The former Billy D's Lounge — also known as the Guildwood building — burned down in The municipality had to clean up the lot. The lot is just down the street from the new police building and is across the street from the business district on the corner of Commercial and Union streets. While it might be a good location, a tax sale price that is 10 times the assessed value will likely scare off buyers, said MacNeil. Officials recently cancelled an in-person tax sale in favour of a tender format in keeping with COVID safety protocols. The date of the sale and bidding information will be announced on the municipality's website.

Cape breton municipality tax sale

Its provincial capital is Halifax. As of , the population was , A tax sale property is a type of real estate that has been put up for sale by a governmental authority due to the non-payment of property taxes by the current owner. These properties are often referred to as tax-delinquent properties, as their taxes have been delinquent, leading to their sale. In Nova Scotia, as in other regions in Canada, tax-delinquent properties are sold through public auctions or tenders to recover the unpaid taxes. These tax sale properties Nova Scotia offers represent a unique opportunity for investors or potential homeowners to purchase properties often at lower than market value. The process begins when property owners fail to pay their property taxes. After a certain period of delinquency, the municipality lists these properties for sale. This tax delinquent properties for sale list informs potential buyers about upcoming tax sales. Investing in tax sale properties in Nova Scotia requires careful consideration and due diligence. Buyers should research the property, understand the terms of the sale, and be aware of any additional costs that may arise. However, for those willing to navigate this process, tax sale properties can be an avenue for acquiring real estate at potentially lower costs. Purchasing tax-delinquent properties in Nova Scotia follows a distinct process, typically involving public tax sales organized by local municipalities.

Buyers should research the property, understand the terms of the sale, and be aware of any additional costs that may arise. R Richmond. In previous sales, advertised properties have drawn bids equal to the amount outstanding, or a bit more.

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Some people go to municipal tax sales to pick up properties on the cheap, but there's at least one property at Cape Breton Regional Municipality's next sale that's not such a bargain. The former Billy D's Lounge — also known as the Guildwood building — burned down in The municipality had to clean up the lot. The lot is just down the street from the new police building and is across the street from the business district on the corner of Commercial and Union streets. While it might be a good location, a tax sale price that is 10 times the assessed value will likely scare off buyers, said MacNeil. Officials recently cancelled an in-person tax sale in favour of a tender format in keeping with COVID safety protocols. The date of the sale and bidding information will be announced on the municipality's website. However, the former apartment on Convent Street burned down recently and the remains had to be cleaned up by the municipality, with the cost added to the taxes. Nine properties on the list are owned by Richard Hatch of Rhode Island, who was famous for being the first person to win the TV reality show Survivor.

Cape breton municipality tax sale

Cape Breton's Victoria County had its most successful tax sale ever last month, prompting officials to wonder if the increase in interest is yet another sign of Nova Scotia's hot real estate market. On March 22, the municipality received a total of bids on 17 properties, the highest response to a tax sale on record. In comparison, the December tax sale received 50 bids on eight properties. We received two from the U. The Municipal Government Act allows municipalities to list a property for tax sale when owners fail to pay property taxes for more than a year. Home prices in Nova Scotia have skyrocketed in recent years, and Redden said she believes the high price of real estate may be attracting people to the less expensive tax sale properties. One listing in particular attracted 45 bids, a five-hectare property on Cabot Trail Road in Middle River. Redden said she couldn't remember a time when the municipality received as many bids on one property. But I guess it all depends on the property.

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D Digby. After a certain period of delinquency, the municipality lists these properties for sale. However, for those willing to navigate this process, tax sale properties can be an avenue for acquiring real estate at potentially lower costs. Mary's Stellarton Stewiacke. E East Hants. Nova Scotia Tax sale at rural Cape Breton municipality draws unprecedented interest Last month, Cape Breton's Victoria County received a total of bids on 17 properties, the highest response to a tax sale on record. T Trenton Truro. Y Yarmouth. Should it be easier to defer property taxes? The date of the sale and bidding information will be announced on the municipality's website. The municipality had to clean up the lot. M Mahone Bay Middleton Mulgrave. V Victoria. N New Glasgow.

Cape Breton's Victoria County had its most successful tax sale ever last month, prompting officials to wonder if the increase in interest is yet another sign of Nova Scotia's hot real estate market. On March 22, the municipality received a total of bids on 17 properties, the highest response to a tax sale on record. In comparison, the December tax sale received 50 bids on eight properties.

Officials recently cancelled an in-person tax sale in favour of a tender format in keeping with COVID safety protocols. However, be aware of any redemption period that allows the original owner to pay off the taxes and regain the property. Social Sharing. K Kentville Kings. For auctions, you need to be present to place your bid. The payment structure may include an immediate deposit and full payment within a given period. D Digby. In previous sales, advertised properties have drawn bids equal to the amount outstanding, or a bit more. Mary's Stellarton Stewiacke. After a certain period of delinquency, the municipality lists these properties for sale. M Mahone Bay Middleton Mulgrave. You can reach him at tom. The Municipal Government Act allows municipalities to list a property for tax sale when owners fail to pay property taxes for more than a year.