Village of Chase

The Director of Financial Services is responsible for ensuring the Finance Department fulfills its obligations to Council and the public. Council and staff will work to ensure the Village is being fiscally responsible while maintaining sufficient service levels.

Primary functions of the Finance Department include:

Financial Planning and Budgets
Accounting and Payroll
Accounts Payable and Receivable
Financial Documents
Property Tax Assessment Information
Permissive Tax Exemptions
Property Taxes
Annual Tax Sale
Utility Billing
Grant in Aid Administration

Annual Tax Sale

As per the Local Government Act (RSBC 2015) Part 16, Division 7, parcels of property with unpaid delinquent taxes shall be offered for sale by public auction unless the taxes with interest are paid before 10:00 am October 7, 2024.

The Village is required by the Local Government Act to advertise and conduct a Tax Sale on all properties whose taxes have not been paid for 3 years. Property owners with delinquent taxes are notified directly. If taxes remain unpaid, their properties will be advertised for sale 2 weeks prior to the Tax Sale date. On sale date, a public auction is held to liquidate the property.

A list of the delinquent properties will be posted. If all delinquent property taxes are fully paid before the tax sale date, this auction will be cancelled.

Property owners have one year following the sale to redeem their property by paying the outstanding charges and interest.

Tax Sale Process

The following notes are intended to provide a general outline of the tax sale process. For more information about the annual sale of properties, prospective purchasers should consult the Local Government Act, starting with Section 645.

The Village is required by the Local Government Act to sell at Tax Sale all properties whose taxes have not been paid for 3 years.
The Local Government Act gives the Collector authority to sell a property for the Upset Price which equals all outstanding taxes + penalties + interest + 5% tax sale costs + Land Title Office fees.
All property sales are “as is” without warrant or guarantee by the Village of Chase.
Advertising
- The Local Government Act requires municipalities to advertise in a local paper not less than 3, or more than 10 days prior to the Tax Sale.
- The legal description and street address must be published.
- To avoid your property being listed in this ad in the newspaper, your delinquent taxes must be paid approximately 2 weeks prior to the Tax Sale date.

Tax Sale

A public auction will be held at 10 am, on the last Monday in September each year in Council Chambers, Village Office.
Bidding is accepted on all properties.
Prospective bidders are advised that it is their responsibility to search the title of the property in advance to determine if there are any charges registered against the property.
The minimum bid is the amount of the Upset Price.
If no bidding takes place within 3 calls by the Collector (auctioneer), the Village is declared the purchaser at the Upset Price.

Purchasing Property

The successful bidder is required to have their SIN or BN, your corporate seal if required.
Payment is to be in the form of in cash, certified cheque, bank draft or debit card for at least the upset price amount at the close of the Tax Sale.
The balance owing must be received by 12:00 pm on the day of the Tax Sale.
If full payment is not received by 12:00 pm on the day of the Tax Sale, the Collector again offers the property for sale.

Notifying Charge Holders

The Collector is required by law to search all property titles and within 90 days after Tax Sale notify all registered charge holders shown on each property.

Redemption

The original owner has one year after the property is sold at Tax Sale to pay the taxes and buy back their property. This is called redemption.
All registered charge holders have full right to redeem the property.
To redeem the property, the charge holder must remit the full upset price, plus interest on the purchase price at a rate set by the Province, within one year of the Tax Sale.
If the property has been sold at Tax Sale and the Village has been declared the purchaser, 50% of the upset price, plus interest may be paid as an instalment thus extending the redemption period by 11 months and 21 days. This applies only to property having improvements.
As soon as the property is redeemed, the Collector will refund to the Tax Sale purchaser the purchase price, plus interest to the date of redemption

Finance

Financial Documents

Financial Statements