dutchca wrote: ↑Ok - I work in a Municipal finance department in a fairly senior role so I think I can speak to this issue at least in Ontario. Im not sure if it is different in Moose Jaw or Calgary, wherever MarkyMark is from.
I have NEVER known a bank to unilaterally pay Property taxes on behalf of a homeowner. Homeowners can (not must) CHOOSE to pay p.tax to the bank which will then make a payment to the Muni. As far as I am aware a bank cannot force a homeowner to pay p.tax through the bank although some banks present it as such.
So Mark unless you can provide concrete documented PROOF by qouting some legislation or contract please STFU about this issue.
In times when the p.tax gets very far in arrears, the muni will get the money when the house is sold. Lawyers are bound to check ptax records with a muni before completing a deal. A muni can also go the tax sale route but that is rare. If the property tax is above the value that the property brings at tax sale, the Municipality funds the difference.
Quoted for truth.