All tax sales on:
9 July 2022All tax sales from:
BruceSale of Lands for Tax Arrears
by Public Tender
SALE OF LAND BY PUBLIC TENDER
THE CORPORATION OF THE
MUNICIPALITY OF SOUTH BRUCE more info
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
July 28, 2022, at the South Bruce Municipal Office, 21 Gordon St. E.,
Teeswater Ontario.
The tenders will then be opened in public on the same day as soon
as possible after 3:00 p.m. at the South Bruce Municipal Office, 21
Gordon St. E., Teeswater.
Description of Land(s):
Roll No. 41 05 060 004 06900 0000; 1125 Bruce Rd. 12, Formosa;
PIN 33225-0191 (LT); PT LT 28 CON A CULROSS AS IN R181187;
SOUTH BRUCE; File No. 20-01
According to the last returned assessment roll, the assessed value of
the land is $215,000
Minimum Tender Amount: $191,040.26
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.
The municipality makes no representation regarding the title to, crown
interests or any other matters, including any environmental concerns, relating
to the land to be sold. Responsibility for ascertaining these matters
rests with the potential purchasers. Any interests of the 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.
The land in Roll No 41 05 060 004 06900 0000 does not include the
mobile home situated on the land.
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:
Debbie Kennedy
Deputy Treasurer/Tax Collector
The Corporation of the
Municipality of South Bruce
P.O. Box 540
21 Gordon St. E.
Teeswater ON N0G 2S0
519-392-6623
dkennedy@southbruce.ca
www.southbruce.ca