The tax sale is a public auction of properties within a municipality which have outstanding property taxes for the past three years. The Local Government Act requires municipalities in British Columbia to hold a tax sale each year on the last Monday in September at 10:00 am. Notice of the time and place of the tax sale and a description of each property subject to the tax sale will be posted on this webpage and updated to meet the requirements in the Local Government Act.  Daily updates will be made one week prior to the actual tax sale date. The Tax Sale originally planned for Monday, September 26, 2016 has been cancelled. There are no longer any properties up for tax sale. The tax sale is a public auction of properties within a municipality which have outstanding property taxes from two years prior to the current year. The tax sale is held annually on the last Monday of September at 10 a.m. at the council chambers in the Municipal Hall of each municipality in BC.

Notice of the time and place of the tax sale and the description and street address of each property subject to tax sale must be published in at least 2 issues of a newspaper. The last publication of the tax sale must be at least 3 days and not more than 10 days before the date of the tax sale.business for sale gulfport ms Taxpayers may remove the property from the auction by paying the full amount of delinquent taxes plus interest prior to the auction; business for sale courtenayThus, very few properties may be auctioned, although quite a number were advertised.business for sale fujairah The lowest amount for which a property may be sold at tax sale is the upset price. The upset price is the sum of all the property taxes outstanding as at the date of the tax sale, plus all applicable penalties and interest, plus an additional 5% of all taxes, penalties and interest, plus all applicable Land Title Act fees.

The highest bidder above the upset price must be declared the purchaser. If there is no bid, or no bid equal to the upset price, the municipality must be declared the purchaser. The successful bidder must pay the upset price by cash, certified cheque or bank draft immediately following the tax sale and must pay the remainder of the full bid price by cash, certified cheque or bank draft no later than 3:00 p.m. on the date of the tax sale. Failure to pay the upset price at the tax sale auction will result in the property promptly being offered for sale again and failure to pay the balance amount by 3:00 p.m. on the date of the tax sale will result in the property being offered for sale again at 10:00 a.m. on the following day.  Debit card payments will not be accepted.The collector must give the purchaser a tax certificate and promptly file the notice of tax sale at the land title office. Within 3 months of the tax sale, the collector must give written notice of the tax sale, including the day the redemption period ends either, to the owner(s) of the property by serving the notice or by registered mail.

During the period allowed for redemption, a tax sale property must continue to be assessed and taxed in the owner’s name. A tax sale property may be redeemed from tax sale within one year of the date of the tax sale by the owner of the property, an owner of a registered charge against the property or another person on their behalf. The amount to redeem a tax sale property is the sum of the upset price, plus all costs of which the collector has had notice that have been incurred by the purchaser in maintenance of the tax sale property and in prevention of waste, plus taxes advanced by the purchaser, plus prescribed interest to the date of redemption. During the period of redemption, the owner retains the right to possession of the tax sale property. The purchaser has the right to enter on the tax sale property to maintain it in proper condition and to prevent waste.  On redemption of a tax sale property, the purchaser is entitled to receive all amounts paid by the purchaser, together with prescribed interest.

If the tax sale property is redeemed, the collector must promptly file a notice of redemption at the land title office. If the tax sale property is not redeemed, the collector must file a notice of non-redemption at the land title office. The City of Courtenay makes no representation express or implied as to the condition or quality of the properties being offered for sale.  Prospective purchasers are urged to inspect the properties and make all necessary inquiries to the municipal and other government departments, and in the case of strata lots to the strata corporation to determine the existence of any bylaws, restrictions, charges or other conditions which may affect the value or suitability of the property. Potential buyers should review matters relating to a purchase at tax sale with their legal counsel as some charges, liens, mortgages, and conditions will not be cleared by conveyance to the purchaser. In the case of non-redemption of a property subject to the Strata Property Act, a tax sale purchaser is responsible for the payment of any outstanding strata fees and charges which must be paid to the strata corporation prior to conveyance of the property.

The purchase of a tax sale property is subject to tax under the Property Transfer Tax Act on the fair market value of the property at the time of conveyance.PUBLICATION DATA:ISBN-10: 92-808-1168-1,ISBN-13: 978-92-808-1168-1 LANGUAGE: English PAGES: 376 PUBLISHER:United Nations University Press This book is on the role of business decision-makers in sustainable development. It is an important read for academics, managers, and all students of business with an interest in the human and humane face of modern commerce. The strategies pursued by business managers and decisions they take may have far-reaching impacts, good or bad, on communities and the environment. Especially in countries with severe poverty and weak governance, this can give rise to serious dilemmas. This book argues that a strategic, values-based approach, coupled with a willingness to innovate and collaborate, can not only help companies deal with such challenges but may even turn them into opportunities.

The overarching themes of human rights, cross-sector partnerships and alternative business models are each considered in an overview essay in Part 1 of the book, and they are illustrated with much contextual flavour in diverse case studies in Part 2. Although, importantly, this book focuses almost entirely on Africa, the lessons of the case studies and critical essays retain their salience for how business is and should be conducted around the world. The combination of conceptual discussion and illustrative case studies make this an important contribution on the changing role of business in the world today. Ralph Hamann is Senior Researcher in the Environmental Evaluation Unit at the University of Cape Town and Associate Professor Extraordinary at the Sustainability Institute, Stellenbosch University, South Africa. Stu Woolman is a public law consultant with Ashira (Pty) Ltd in Johannesburg, South Africa. Courtenay Sprague is a faculty member at the Graduate School of Business and a doctoral student in the Development Studies Department at the University of the Witwatersrand, South Africa.

A book focused on the vital subject of corporate citizenship and partnerships in Africa. Written by a diverse group of scholars and practitioners, the book achieves an excellent balance of theory and practice, and offers insightful African perspectives within a broader global context. The authors have drawn valuable lessons from both large companies and social enterprises, and from internal management challenges and more systemic collaborative efforts. This deserves a prominent place on the bookshelf of anyone who is interested in business, in international development, or in Africa. – Jane Nelson, Director, Corporate Social Responsibility Initiative, JFK School of Government, Harvard University In today’s globalised economy, strategies pursued by business leaders have profound effects on people and the environment. In countries with severe poverty and under-resourced regulatory and governance frameworks, navigating between the bottom line and the needs of affected communities can pose serious dilemmas.

This book argues that a strategic, values-based approach, coupled with a willingness to innovate and collaborate, can assist companies in grappling with such challenges, and may even turn such challenges into new opportunities. The overarching themes of human rights, cross-sector partnerships and alternative business models are described along with diverse case studies drawn mostly from sub-Saharan Africa. The lessons of the case studies and critical essays provide insights rarely seen in the literature on business and sustainable development. Coming from the Global South, these lessons have broader significance for the global debate on private sector development and they transcend much of the current, sometimes over-simplified commentary associated with the field. – Dr David Wheeler, Dean of Management, Dalhousie University, Canada This book opens a crucial debate on the contribution and commitment of the private sector to development in Africa. Sustainable development cannot be achieved through government action alone and the private sector has an important role to play.