Springhill tax sale big­gest yet for Cum­ber­land County

The Amherst News - - NEWS -

It’s ex­pected that more than 60 Springhill prop­er­ties will be up for tax sale Tues­day morn­ing.

“This will be the first time we’ve had a tax sale for the for­mer town of Springhill,” said An­drew Mac­Don­ald, Di­rec­tor of Fi­nance and Ad­min­is­tra­tion with the Mu­nic­i­pal­ity of Cum­ber­land County.

It is the big­gest tax sale auction ever held by the mu­nic­i­pal­ity.

An­other big sale was Nov. 1, 2017, when close to 40 prop­er­ties were up for grabs.

“Coun­cil cham­bers was quite full. We were bring­ing in more chairs,” said Mac­Don­ald.

The Springhill list­ings in­clude re­deemable and non-re­deemable pur­chases.

“If the prop­erty is re­deemable, then the cur­rent as­sessed owner has a six-month time frame to come back and re­deem their prop­erty,” said county rev­enue of­fi­cer Jennifer Moore. “They would have to pay what was out­stand­ing on the ac­count, and there would be an in­ter­est cal­cu­la­tion with

that pur­chase price.”

If the prop­erty is non-re­deemable then the county would be able to get a cer­tifi­cate of sale and a deed pre­pared right away.

About one-third of the prop­er­ties on the list are re­deemable.

The Mu­nic­i­pal Govern­ment Act de­cides what is re­deemable and

non-re­deemable.

“If there is more than six years of prop­erty taxes out­stand­ing on an ac­count, then that prop­erty is no longer re­deemable,” said Moore. “Ba­si­cally, if you have seven years out­stand­ing taxes the legist­la­tion says that you’re not com­ing back to get your prop­erty.”

Prop­er­ties are el­i­gi­ble to be put up for sale af­ter a per­son has not paid their taxes for about two years.

“The leg­is­la­tion al­lows that if your 2017 taxes are out­stand­ing as of July 1, 2018, it’s el­i­gi­ble to be put on a pre­lim­i­nary tax sale list, so the process would start,” said Moore. “If you have two years of taxes out­stand­ing we can start the process, and the process takes about six months, some­times a lit­tle longer, some­times quicker.”

If past tax sales in the county are any in­di­ca­tion, prop­er­ties that are sold usu­ally go for the ask­ing price, but water­front prop­er­ties and prop­er­ties in Went­worth of­ten go for higher than the ask­ing price.

“With Springhill, I don’t have any­thing to go on,” said Moore, adding it will be in­ter­est­ing to see how things go on Tues­day.

Peo­ple in­ter­ested in pur­chas­ing a prop­erty will have to pay the bal­ance by the end of Tues­day or, if the prop­erty goes for more than the ask­ing price, then the bal­ance above the ask­ing price will have to be paid by the end of Fri­day.

“If it was ad­ver­tised for $5,000 and it sold for $10,000, they have three busi­ness days to pay the sur­plus amount,” said Mac­Don­ald. “So, $5,000 would be due on the day of the sale, and any sur­plus over and above the orig­i­nal price would be paid within three busi­ness days.”

DAVE MATHIESON – AMHERST NEWS

These coun­cil cham­bers at the E.D. Fuller­ton Mu­nic­i­pal Build­ing in Up­per Nappan will likely be filled with peo­ple look­ing to pur­chase prop­erty in Springhill Tues­day morn­ing at 10 a.m. More than 60 items are up for tax sale and the pub­lic auction could...

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.