This bill amends the Act to allow a taxing authority without a court order to sell a taxable property that includes a parcel of land or lease hold interest in municipal land for the purpose of recovering the arrears of property taxes on the property. The bill sets out the procedural steps that a taxing authority must take before and after the sale of a taxable property. Some of these involve preparing a tax arrears list and giving notice of the inclusion of the taxable property on that list and the impending and subsequent sale of the property. The bill also provides the assessed owner of the taxable property with the right to redeem it after its sale and allows interested persons to challenge the sale in court. In addition the bill provides for the transfer of titles to a taxable properly from the assessed owner, the purchaser and with some exceptions distinguishes the right interest of other persons in the taxable property that existed or arose prior to the transfer. Finally, the bill provides for the disposition of the proceeds of a sale of a taxable property including the payment in court for distributions to claimant of any surplus receipts in excess of $1,000. Thank you, Mr. Speaker.
Manitok Thompson on Bill 20: An Act To Amend The Property Assessment And Taxation Act
In the Legislative Assembly on October 3rd, 1997. See this statement in context.
Bill 20: An Act To Amend The Property Assessment And Taxation Act
Item 18: Second Reading Of Bills
October 2nd, 1997
Page 1405
Manitok Thompson Aivilik
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