Title
Tax Cancellation Request for Roll 386008
Proposed Motion(s)
That Council approve the cancellation of taxes on Roll 386008 in the amount of $2,081.24.
Body
Administration Recommendation(s)
Administration supports the recommendation.
Purpose
To clear the tax account subsequent to the sale of tax recovery property.
Summary
Parkland County sold the subject property under the tax recovery provisions of Municipal Government Act of Alberta. The property sold for market value $190,000 as determined by an independent property appraiser. The Canada Revenue Agency held a lien against the property and legislatively holds first right to the sale proceeds. After payment to Canada Revenue Agency, and payment of the realtor fees, the balance of the sale proceeds ($12,389.76) were applied to the outstanding tax account, leaving a balance remaining of $2,081.24 as uncollectible. Council approval is required for cancellation of the remaining taxes.
Strategic Plan/Policy/Legal/Staff Implications
The tax recovery property was sold pursuant to the Municipal Government Act and Sale of Properties Policy AD 003.
Financial Impact:
Cost: $2,081.24
Source of Funding: Allowance for Uncollectible Taxes
Other