- This topic is empty.
-
Posts
-
Sale of Land for Tax Arrears by Public Tendermunicipal act, 2001
sale of land by public tender
ontario regulation 181/03
municipal tax sales rules
The Corporation of the Township of Ramara
take notice that tenders are invited for the purchase of the lands described below and will be received until 3:00 p.m. local time on November 26, 2020, at the Township of Ramara Municipal Office, 2297 Highway 12, PO Box 130, Brechin ON L0K 1B0.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Township of Ramara Municipal Office, 2297 Highway 12, Brechin.
Description of Land(s):
Roll No. 43 48 020 001 43700 0000;
6117 Bluebird St., RamaraAccording to the last returned assessment roll,
the assessed value of the land is $37,500.Minimum Tender Amount:$11,649.11
Roll No. 43 48 010 009 65318 0000;
36 Simcoe Rd., BrechinAccording to the last returned assessment roll,
the assessed value of the land is $127,000.Minimum Tender Amount:$31,357.74
Tax Sale for Property 3 cancelled. File 18:10
Roll No. 43 48 010 006 25400 0000; 3971 Woodland Dr., Ramara; PIN 74019-0018(LT); Block F Plan 416 Mara except Plan 515 Mara; Ramara; File No. 18-13
According to the last returned assessment roll, the assessed value of the land is $33,000.
Minimum Tender Amount:
$7,211.11
Tenders must be submitted in the prescribed form and must be accompanied by a deposit of at least 20 per cent of the tender amount, which deposit shall be made by way of a certified cheque/bank draft/ money order payable to the municipality.
Except as follows, the municipality makes no representation regarding the title to, crown interests, or any other matters relating to the lands to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. Any interests of the Federal or Provincial Crown encumbering the land at the time of the tax sale will continue to encumber the land after the registration of the tax deed. The assessed value, according to the last returned assessment roll, may or may not be representative of the current market value of the property.
This sale is governed by the Municipal Act, 2001 and the Municipal Tax Sales Rules made under that Act.
The successful purchaser will be required to pay the amount tendered plus accumulated taxes and any taxes that may be applicable, such as a land transfer tax and HST.
The municipality has no obligation to provide vacant possession to the successful purchaser.
A copy of the prescribed form of tender is available on the website of the Government of Ontario Central Forms Repository under the listing for the Ministry of Municipal Affairs.
For further information regarding this sale and a copy of the prescribed form of tender contact:
Zach Drinkwalter, CPA, CA
Director of Finance
The Corporation of the Township of Ramara
2297 Highway 12
PO Box 130
Brechin ON L0K 1B0
705-484-5374 ext. 224
- You must be logged in to reply to this topic.