Tax Sales
The City of Peterborough may register a property for tax sale if taxes remain unpaid for two or more years, as authorized by the Municipal Act.
We offer an Arrears Management Pre-Authorized Payment Plan as an option to help you keep your property out of a position of tax sale.
Property Tax Sale by Tender
Take Notice that tenders are invited for the purchase of the lands described below and will be received until 3 p.m. local time on October 08, 2024, at The Corporation of the City of Peterborough Office, 500 George St. N, Peterborough, Ontario, K9H 3R9.
Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 per cent of the tender amount, that shall be made by way of a certified cheque/bank draft/ money order payable to the City of Peterborough.
The tenders will then be opened in public on the same day as soon as possible after 3 p.m. at The Corporation of the City of Peterborough Office, 500 George St. N., Peterborough in the City Board Room.
300 Towerhill Rd. |
Roll No. 15 14 050 070 02074 0000; 300 Towerhill Rd., Peterborough, ON; PIN 28125-0013 (LT); LT 33 Plan M141 PETERBOROUGH; PCL 33-1 SEC 45M141; LT 33 PL 45M141; CITY OF PETERBOROUGH. File No. 300 Towerhill Rd. According to the last returned assessment roll, the assessed value is $219,000 Minimum Tender: $30,252.14 Sealed envelopes must be addressed to: Laurie Amos City of Peterborough 500 George St. N. Peterborough, ON K9H 3R9 Re Tax Sale: Roll No. 15 14 050 070 02074 0000; 300 Towerhill Rd., Peterborough, ON; PIN 28125-0013 (LT); LT 33 Plan M141 PETERBOROUGH; PCL 33-1 SEC 45M141; LT 33 PL 45M141; CITY OF PETERBOROUGH. File No. 300 Towerhill Rd. Each Tender must be completed on Form 7 Tender to Purchase. Please download, print and complete on the form provided below. Form 7 Tender to Purchase 300 Towerhill Rd. Form 7 PDF document may not be accessible for use with assistive technology. If you require an alternative format, please send an email to tax@peterborough.ca or call 705-742-7777 ext. 1792#.
If the PDF does not display, please download to your local device or machine and open with a compatible program.
Please review the Information Bulletin before submitting your bid.
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182 Dublin St. |
Roll No. 15 14 040 070 04800 0000; 182 Dublin St., Peterborough, ON; PIN 28107-0147 (LT); PT 3 Dublin W Geo S Lot 3, PETERBOROUGH; PT LT 3 N OF DUBLIN ST & W OF GEORGE ST PL 1 TOWN OF PETERBOROUGH AS IN R498165; PETERBOROUGH CITY. File No. 182 Dublin St. According to the last returned assessment roll, the assessed value is $231,000. Minimum Tender: $27,673.74 Sealed envelopes must be addressed to: Laurie Amos City of Peterborough 500 George St N Peterborough, ON K9H 3R9 Re Tax Sale: Roll No. 15 14 040 070 04800 0000; 182 Dublin St., Peterborough, ON; PIN 28107-0147 (LT); PT 3 Dublin W Geo S Lot 3, PETERBOROUGH; PT LT 3 N OF DUBLIN ST & W OF GEORGE ST PL 1 TOWN OF PETERBOROUGH AS IN R498165 ; PETERBOROUGH CITY. File No. 182 Dublin St.
Each Tender must be completed on Form 7 Tender to Purchase. Please download, print and complete on the form provided below. Form 7 Tender to Purchase 182 Dublin St. Form 7 PDF document may not be accessible for use with assistive technology. If you require an alternative format, please send an email to tax@peterborough.ca or call 705-742-7777 ext. 1792#.
If the PDF does not display, please download to your local device or machine and open with a compatible program.
Please review the Information Bulletin before submitting your bid.
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Information Bulletin |
City of PeterboroughThe Municipal Act, S.O. 2001, C. 25Part XI Sale of Land for Tax ArrearsSection 379 Sale by Public TenderPlease Read Carefully The Municipal Act section 371 provides the following important definitions: "Cancellation Price" means an amount equal to all the tax arrears owing at any time in respect of land together with all current real property taxes owing, interest and penalties thereon and all reasonable costs incurred by the municipality after the treasurer becomes entitled to register a tax arrears certificate under section 373. "Tax Deed" is a tax deed as prescribed by section 379 of the Act and includes the title conferred by the registration of the tax deed. "Tax arrears" means any real property taxes placed on or added to a tax roll that remain unpaid on January 1 in the year following that in which they were placed or added to the roll. "Notice of Vesting" means a notice of vesting as prescribed by section 379 of the Act and includes the title conferred by the registration of the notice of vesting.
Land Transfer Tax is an amount payable to the Minister of Finance by certified cheque, cash, or money order which is calculated as follows: Amounts up to and including $55,000.00: 0.5% Amounts exceeding $55,000.00 up to and including $250,000.00: 1.0% Amounts exceeding $250,000.00 up to and including $400,000.00: 1.5% Amounts exceeding $400,000.00 up to and including $2,000,000.00: 2.0% Amounts over $2,000,000.00: 2.5%
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