municipal tax sales act
The Corporation of the Town of Smiths Falls
take notice that tenders are invited for the purchase of the Ontario Tax Sale properties Smiths Falls land described below and will be received until 3:00 p.m. local time on April 28th, 2017, at the law firm of Howard Kelford & Dixon, 2 Main Street East, Smiths Falls, Ontario, K7A 1A2.
The tenders will then be opened in public on the same date at 3:15 p.m.
Description of Land(s):
1. pt blk a pl 248 Lanark S South Elmsley; pt lt 43 pl 21126 lanark s south elmsley pt 5, 27r3079; town of smiths falls
(Assessment Roll No. 0904-020-020-14505)
Minimum Tender Amount:$54,165.44
Tenders must be submitted in the prescribed form and must be accompanied by a deposit in the form of a money order or a bank draft, trust corporation or Province of Ontario Savings Office payable to the Municipality (or Board) and representing at least 20 per cent of the tender amount.
The Municipality makes no representation regarding the title to or any other matters relating to the land to be sold. Responsibility for ascertaining these matters rests with the potential purchasers. The Municipality has no obligation to provide vacant possession to the successful purchaser.
This sale is governed by the Municipal Sales Tax Act and the Municipal Sales Tax Rules made under that Act. The successful purchaser will be required to pay the amount tendered plus accumulated taxes and the relevant land transfer tax.
For further information regarding this sale and a copy of the prescribed form of tender contact:
Andrew Howard
Howard Kelford & Dixon
2 Main Street East
Smiths Falls, On
K7A 1A2
DISCLAIMER
We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.
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