The City of Lloydminster is looking to auction off some Alberta properties.
“There are currently five Alberta properties that still have tax liens registered against them from the prior year,” said Adele Wakaruk, the city’s executive manager of corporate services.
The five properties have been assessed for their value and the highest assessed value is more than $6.2 million. The city is looking to conduct a public auction at city hall on Nov. 26 at 10 a.m.
To provide curbside appraisals for each property, the city obtained the services of a local realtor. These values have been compared to the current year assessment values and the lower of the two values has been used as the reserve bid.
“I feel some reassurance that our assessed value and curbside appraisal are a lot closer than expected,” said Mayor Gerald Aalbers, noting the huge difference in the $6.2 million property.
The property in question was appraised at $9 million, but the lower of the assessed value and curbside appraisal are chosen for the reserve bid, making the bid $6,294,600.
Administration explained that throughout the year, owners get reminder notices once the taxes have been levied and the city does reach out by phone to communicate with them.
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Why is our mayor at war with Alberta?
Its been like that for 25 years, crown assets dont pay proprety tax in Alberta. Maybe we need to split the city and send him to the sask side with all his
debts. I think he is butt-hurt that Alberta said no to his over budget, out of control, and probably corrupt community rink project.
100million for that? Somebody stuffed money in their pockets somewhere.