HomeMy WebLinkAboutTR-9-84 4
CORPORATION OF THE TOWN OF NEWCASTLE
TREASURY DEPARTMENT K. CAMPBELL, C.A.,TREASURER
40 TEMPERANCE STREET TEL.(416) 623-3379
BOWMANVILLE, ONTARIO
L1C 3A6
REPORT TO THE GENERAL PURPOSE AND ADMINISTRATION COMMITTEE
MEETING OF MARCH 5, 1984
REPORT NO. TR - 9 - 84
SUBJECT: MUNICIPAL TAX SALE ACT 1983 - BILL 138
RECOMMENDATION:
It is respectfully recommended that the General Purpose and Administration
Committee recommend to Council the following:
1 . That this report be received for information.
BACKGROUND AND COMMENT:
In previous years in Ontario two methods of handling the sale of lands
for tax arrears have been in effect.
1 . Tax Sale Procedure
2. Tax Registration Procedure
This municipality has used the tax Registration procedure. Bill 138 as
proposed will incorporate the best features of both of these procedures.
EFFECT:
The effect felt in this municipality if the procedure outlined in Bill 138
is adopted, will primarily be in internal accounting procedures.
Properties being sold for taxes will be sold by sealed tender, with the
properties being advertised in the Ontario Gazette and local newspapers. The
Municipality may also tender on the property if the Municipality intends to
use the land for a Municipal purpose.
Under the Tax Registration Procedure if the sale of lands produced funds in
excess of the taxes owing, the Municipality was permitted to retain such funds.
Under the new Act funds received over and above the taxes and costs owing,
A,
Page 2 TR - 9 - 84
would be paid firstly to persons, other than the owner who have an
interest in the land according to law, and finally to the land owner.
Respectfully submitted,
R.C. Bryden,
Tax Collector.
Kathryn A. Campbell , C.A. , B. Comm. ,
RCB/pp Treasurer.
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