Town of Newmarket, York Region
Newmarket tax sales
Newmarket has no tax sale open right now. Its last one closed on Thursday, June 27, 2019 with 1 property. The Town of Newmarket runs its own sales through its treasurer's office.
Past Newmarket tax sales
1 sale on record since 2018, covering 1 property. Minimum bids ran from $9,749 to $9,749.
| Closed | Properties and minimum bids | Notice |
|---|---|---|
| Jun 27, 2019 | 1 property$9,749 | Gazette |
How to bid on a Newmarket tax sale
Most Ontario tax sales are sealed tenders with one chance to bid. There is no second round.
- Get the tender form (Form 7) from the Town of Newmarket or the Government of Ontario's forms site.
- Bid at least the minimum tender amount, and attach a deposit of at least 20 percent of your bid by money order, bank draft or certified cheque made out to the Town of Newmarket.
- Seal it in an envelope addressed to the treasurer, marked as a tax sale and naming the property. It must reach the office by the deadline on closing day, which the rules set at 3:00 p.m. local time.
- The highest valid bid wins. The winner has 14 days from the day the treasurer's notice is mailed to pay the balance, land transfer tax and any taxes that have built up since.
You cannot go onto the property first, someone may be living there, and a sale can be cancelled right up to the end. Read how Ontario tax sales work before you bid.
Newmarket tax sale questions
Is there a Newmarket tax sale right now?
No. Newmarket has no tax sale open right now. Its last one closed on Thursday, June 27, 2019 with 1 property.
How often does Newmarket hold tax sales?
There is no fixed schedule. A sale can follow once taxes on a property have gone unpaid long enough and a one-year redemption period has run out. We have 1 closed sale from Newmarket on record since 2018, covering 1 property.
Where are Newmarket tax sales advertised?
Every Ontario tax sale must be advertised once in the Ontario Gazette and once a week for four weeks in a local newspaper. Where there is no suitable newspaper, the notice is posted at the municipal office and one other prominent place instead.
What is the minimum bid at a Newmarket tax sale?
The minimum is the cancellation price: the unpaid taxes plus penalties, interest and the municipality's costs. It has nothing to do with what the land is worth. At past Newmarket sales, minimum bids have run from $9,749 to $9,749.
Tax sales near Newmarket
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