Tax Sales Regulations

Regulation
Registration
R-016-99
Source
Unofficial consolidation PDF (justice.gov.nt.ca)
Under
Property Assessment and Taxation Act

This is an unofficial reading copy parsed from the Department of Justice consolidation PDF above — itself an office consolidation, not an official statement of the law. The authoritative text is in the Revised Statutes of the Northwest Territories, 1988 and the annual Statutes volumes.

  • s.3 amended by R-059-2001,s.2
  • s.4 amended by R-027-2000,s.2
  • s.sched_1 amended by R-027-2000,s.3. Territorial Printer, Northwest Territories Yellowknife, N.W.T./2001©
Contents
1. 1 2. 2 3. 3 4. 4 SCHEDULE (Section 4)

The Commissioner, on the recommendation of the Minister and the Minister of Finance, under subsections 117(3) and (4) of the Property Assessment and Taxation Act and every enabling power, makes the Tax Sales Regulations.

1.

In these regulations, "Act" means the Property Assessment and Taxation Act.

2.

These regulations apply in respect of the sale of a taxable property for arrears of property taxes under Part III.1 of the Act.

3.

(1) Subject to subsection (2), the minimum sale price of a taxable property, whether located in the general taxation area or a municipal taxation area, that is to be offered for sale is 50% of the assessed value of the taxable property.

(2) A taxing authority may, in respect of a taxable property referred to in subsection (1), set out in a resolution or order referred to in subsection 97.6(2) of the Act, a minimum sale price that is calculated on the basis of such percentage of assessed value in excess of the applicable percentage set out in subsection (1) as the taxing authority considers appropriate.

(3) For greater certainty, the minimum sale prices set under subsection (2) may vary between classes of property established under sections 13 to 15 of the Act. R-059-2001,s.2.

4.

The form prescribed for the purposes of subparagraph 97.92(3)(b)(ii) of the Act is set out in the Schedule. R-027-2000,s.2

SCHEDULE (Section 4)

STATEMENT OF TAXING AUTHORITY

IN THE SUPREME COURT OF THE NORTHWEST TERRITORIES

IN THE MATTER of the Property Assessment and Taxation Act;

AND IN THE MATTER of the tax sale of , (description of taxable property)

formerly assessed in the name of situated at (name of previous assessed owner)

. (community or location)

STATEMENT OF TAXING AUTHORITY

TO THE CLERK OF THE SUPREME COURT:

On , , formerly assessed (month, day, year) (description of taxable property)

in the name of , was sold by , to (name of previous assessed owner) (name of taxing authority)

for under Part III.1 of the Property Assessment and Taxation Act. (name of purchaser) (purchase price)

The arrears of property taxes on the taxable property were and the amount reasonably (amount)

incurred by to collect the arrears of taxes was , for a total of (name of taxing authority) (amount)

. The surplus from the sale in the amount of is hereby paid into the Supreme (amount) (amount)

Court pursuant to subparagraph 97.92(3)(b)(ii) of the Property Assessment and Taxation Act.

DATED at , Northwest Territories, on . (community) (month, day, year)

(Senior Administrative Officer or Minister of Finance)

R-027-2000,s.3. Territorial Printer, Northwest Territories Yellowknife, N.W.T./2001©