Sale of Land for Tax Arrears by Public Tender
municipal act, 2001
sale of land by public tender
ontario regulation 181/03
municipal tax sales rules
The Corporation of the Municipality of Kincardine
take notice that tenders are invited for the purchase of the land described below and will be received until 3:00 p.m. local time on December 1, 2022, at the Kincardine Municipal Administration Centre, 1475 Concession 5, Kincardine Ontario.
The tenders will then be opened in public on the same day as soon as possible after 3:00 p.m. at the Kincardine Municipal Administration Centre, 1475 Concession 5, Kincardine.
Description of Land(s):
Roll No. 41 08 220 002 11700 0000; PIN 33313-0582 (LT); LT J PL 122; kincardine; File No. 20-02
According to the last returned assessment roll, the assessed value of the land is $4,000
Minimum Tender Amount:
$9,620.66
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, availability of road access, or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. The assessed value, according to the last returned assessment roll, may or may not be representative of the current market value of the property.
The land was previously advertised for a sale to be held on the 5th day of October, 2022 but the sale was postponed.
Transfers of properties that contain at least one and not more than six single family residences and are transferred to non-residents of Canada or foreign entities, are subject to the Province’s Non-Resident Speculation Tax (NRST).
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, visit: www.OntarioTaxSales.ca or if no internet access available, contact:
Christine Heinisch
Supervisor Revenue Services & Taxation
The Corporation of the Municipality of Kincardine
Municipal Administration Centre
1475 Concession 5, RR #5
Kincardine ON N2Z 2X6
taxcollector@kincardine.ca
www.kincardine.ca
(155-P261)