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States › Colorado › Tax Sale Summary

There are 64 Counties in Colorado. It became the 38th state on August 1, 1876. The motto is "Nothing without Providence".

Currently, the maximum interest rate being offered on all Colorado tax lien certificates is +9% above the federal discount rate, with a three year right of redemption, making Colorado tax lien certificates a popular investment destination.

Summary: The sale of Colorado tax lien certificates on lands upon which taxes remain delinquent shall commence on or before the second Monday in December of each year and shall be held at the treasurer's office in each county or at any other location in the county deemed suitable by the treasurer; (Sec. 39-11-109). Setting a minimum total of taxes, delinquent interest, and costs below which competitive bids will not be accepted.(Sec. 39-11-115). Interest is paid only on the minimum bid and on subsequent taxes paid by the purchaser. It is important to note that you will not collect interest on any amounts in excess of the delinquent taxes (Sec. 39-12-103). Any Bid in excess be credited to the county general fund.

If there is no bid for any Colorado tax lien certificates which may be offered, the offering of such Colorado tax lien certificate shall remain open until all the Colorado tax lien certificates are offered for sale and the sale is ended or until the treasurer is satisfied that no more sales can be effected, whereupon it is his duty to strike off to the county, city, town, or city and county the tax liens on those lands and town lots remaining unsold, for the amount of such taxes, delinquent interest, and costs thereon. (Sec. 39-11-108).

Law: Colorado Revised Statutes, Title 39, Article 11 (Sales of Tax Liens) and Article 12 (Redemption).

Contact: The County Treasurer (Sec. 39-11-101).

Interest Rate: The annual rate of redemption interest shall be nine percentage points above the discount rate, which discount rate shall be the rate of interest a commercial bank pays to the federal reserve bank of Kansas City using a government bond or other eligible paper as security, and shall be rounded to the nearest full percent. On September 1 of each year, the annual rate of redemption interest shall be established in the same manner, to become effective on October 1 of the same year. (Sec. 39-12-103).

Auction Type: Tax Lien Certificate (Sec. 39-11-117). The sale of tax liens on lands upon which taxes remain delinquent shall commence on or before the second Monday in December of each year and shall be held at the treasurer's office in each county or at any other location in the county deemed suitable by the treasurer; except that all of the property offered for sale on the same day shall be offered for sale at the same location (Sec. 39-11-109).

Bidding Procedure: the taxes levied for the preceding year or years on any lands remain unpaid, the tax liens on such lands offered at public sale at the times provided by law shall be sold to the persons who pay therefore the taxes, delinquent interest, and costs then due thereon or who further pay the largest amount, in cash, in excess of said taxes, delinquent interest, and costs. Treasurer can at his/her discretion set the bidding rules (Sec. 39-11-115).

Costs: For each certificate of purchase delivered, four dollars (Sec. 39-11-117), $5 for payment of subsequent taxes (Sec. 39-11-119), and $75 fee for deed application ($35 if not advertised) (Sec. 39-11-120).

Redemption: Real property for which a Colorado tax lien certificates was sold under the provisions of article 11 of this title as a result of delinquent taxes may be redeemed by the owner thereof or his agent, assignee, or attorney, or by any person having a legal or equitable claim therein, or by a holder of a tax sale certificate; except that such holder may redeem such real property from any sale of a Colorado tax lien certificate thereof made subsequent to the time of the issuance of the tax sale certificate upon which he is relying, and the amount paid for the redemption of the subsequent certificate of purchase shall be endorsed as subsequent taxes paid on the certificate upon which he is relying.(Sec. 39-12-103). The purchaser may apply for a deed once three years have passed from the date of the sale (Sec. 39-11-120).

Deed Assigned at Foreclosure to: At any time after the expiration of the term of three years from the date of the sale of any Colorado tax lien certificate on any land, or interest therein or improvements thereon, for delinquent taxes, on demand of the purchaser or lawful holder of the certificate of such tax lien, other than the county wherein such property is situated, and on presentation of such certificate of purchase or properly authenticated order of the board of county commissioners, where the certificate has been lost or wrongfully withheld from the owner, and upon proof of compliance with section 39-11-128 the treasurer shall make out a deed for each such lot, parcel, interest, or improvement for which a tax lien was sold and which remains unredeemed and deliver the same to such purchaser or lawful holder of such certificate or order. (Sec. 39-11-120, Sec. 39-11-128, and Sec. 39-11-129).

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Counties:

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