The City of Prince George will auction off properties with overdue tax bills on Oct. 7 at city hall, in the council chambers. The annual tax sale will begin at 10 a.m.
In all, the city is owed over $1 million in unpaid property taxes.
"Unless full payment of the outstanding delinquent taxes, plus the necessary interest to date of payment is received prior to the annual tax sale, the properties outlined on the attached notice shall be offered for sale by public auction," the city states.
There's also a notice to potential buyers: "In the case of all properties, the City of Prince George makes no representation express or implied as to the condition or quality of the properties being offered for sale. It is the buyer’s responsibility to satisfy themselves regarding the condition/potential of the property. The purchase of a tax sale property is subject to tax under the Property Transfer Tax Act on the fair market value of the property."
Among the upset prices for the highest overdue tax bills on the list are amounts such as $138,774.23, $122,969.45, $121,678.53, $118,567.09 and $138,774.23. The lowest amount owing is $1,775.35.
In BC, the upset price is the lowest price that a property may be sold for at tax sale. It includes the total amount of current year taxes receivable, plus the previous year's taxes in arrears, plus two years prior to the delinquent taxes, plus any penalties and interest on each of those three years taxes unpaid. Another five per cent and any applicable fees are added under the Land Title Act.
The list includes residential and commercial properties, as well as vacant lots.
The auction is carried out under the terms of Section 254 of the Community Charter and Section 645 and 647 of the Local Government Act.
