Tax Lien Sale Information

The 2019 Tax Lien Sale for the 2018 taxes will be held on November 20, 2019 at 9:00 A.M. Registration starts at 8:00 a.m.
Commissioner's Meeting Room
2nd Floor, 203 Eureka Street
Central City, CO 80427
Directions to Central City Courthouse

2018 Tax Lien Sale Documents

Bidder Packet
Buyer Instructions
Bidder Information Form
Affidavit and Certification of Compliance Form
W-9 Form
Premium Bids Information

Delinquent Information
2019 Delinquent Taxes List

Other forms of interest:
County Employee Tax Lien Sale Regulation 39-11-151
General Tax Lien Sale Information

Delinquent List
All property (real) taxes must be collected in order to meet the budget of all certified taxing authorities. Therefore, an annual Tax Lien Sale is held to collect the unpaid taxes. These taxes are purchased by investors who, in turn, earn interest on the tax liens against these properties. The amount of the individual tax lien(s) purchased includes the amount of tax, pen/fee amount, delinquent interest (November), advertising and certificate fee. Some liens have special assessments that have been certified to the Treasurer.

Tax Lien Sale Information (including delinquent property tax list and sale agenda) is available (see below) each year from mid October to the date of the Tax Sale. Our Tax Lien Sale is conducted with the goal of fairness in mind. Comments and suggestions are given serious consideration and have been implemented where functional. Please feel free to contact us at 303-582-5222. 

If a redemption of the tax lien by the owner does not occur by three years from the date of the tax lien sale, a Treasurer's Deed can be applied for by the holder of the tax lien. Application will be accepted from the holder of the tax lien in August of the third year of the date of sale. The deed process ranges from three to six months. All legally interested parties are given a redemption period to keep their interest in the property. Any and all Treasurer's deeds are deeded on Thursdays at 10:00 a.m. A tax lien can be redeemed right up to that time.

Tax Lien Sale Procedures
Who Can Participate?
CRS 39-11-151(1)(a)(b); No tax lien shall be conveyed or sold to an elected or appointed county official, to a county employee, or to a member of the immediate family of such person or to the agent of any such county official or employee during the time the official or employee holds office or is employed. Purchaser of a tax lien must be 21 years of age.

Personal Representative
If an interested buyer cannot attend the tax lien sale in person, then a personal representative can be sent. The personal representative must have the following:
A letter of authorization
A completed and signed W-9
A completed buyer's packet
Payment is by certified funds or cash

For further information on requirements for a personal representative, contact the Treasurer's Office at 302-582-5222.

Registration is from 8:00 a.m. to 9:00 a.m. the morning of the sale. It is imperative that a W-9 form is completed and on file with our office. Individuals will not be allowed to participate in our Tax Lien Sale without a completed W-9. If purchasing under a company, trust, LLC, etc. must have a tax ID number (EIN) not a social security number. We are required by the Internal Revenue Service to issue 1099-INT Forms to tax lien buyers.  In addition, a notarized Affidavit and Certificate of Compliance will need to be submitted.

Interest Rate
Interest rate for the 2018 Tax Lien Sale isTBD.

Buyer's Lists Of Taxes Offered For Sale
The buyer's list may also be picked up any time after approximately October 10 at the Weekly Register Call. The delinquent tax list for 2018 taxes will be published October 10, 2019 through October 24, 2019.

Order Of Sale
Tax liens will be sold in the order listed on the delinquent list.  All Tax liens that are sold must be paid for on the day of the sale.

Auction Style Bidding
Each buyer is assigned a bidder card with a buyer number. The Treasurer counts the cards in dollar increments until there is only one card remaining. It is then announced as SOLD, with the buyer's number and the amount it was purchased for.

Premium Bids
Premium bids are those in excess of the advertised dollar amount. Increments are assessed as follows:
On parcels listed for $0 - $100, the starting bid is the stated amount on the delinquent tax sale list with increments of at least $1;
On parcels between $101 up to $1,000, increments of $5;
On parcels between $1,001 up to $5,000, increments of $10;
On parcels $5,001 up to $10,000, increments of $25;
On parcels $10,001 up to $20,000, increments of $50;
On parcels $20,001 on up, increments of $100. 
ALL premium bids are made at INVESTOR'S EXPENSE and ABSOLUTELY NO INTEREST IS EARNED on them, nor is this amount refunded when the property is redeemed.

End Of Sale

Cash or Certified Funds will be required of first-time buyers at the Tax Lien Sale. Personal checks will be accepted from prior buyers.
Verify account expenditure with the account balance clerk located in the Treasurer's Office at the registration counter. Your bidder card MUST be dropped off at check out. Make checks payable to Gilpin County Treasurer. Checks must be made for the exact amount of purchase. If your check is returned for insufficient funds, it will result in the loss of liens purchased. No contact will be made with the lien holder.

Account Balances
Anyone requesting account balance information during the sale can receive an update from the account balance clerk located in the Treasurer's Office.

Tax Lien Certificates Of Purchase
All Tax Lien Sale Certificates of Purchase will be held for safekeeping in the Gilpin County Treasurer's vault. A receipt of purchases will be given to you at the time of sale. A copy of the Tax Lien Sale Certificate of Purchase will be mailed to you.

Element Of Risk
Though the Treasurer's Office makes significant effort to be aware of potential problem liens and withhold them from sale, BE AWARE THAT ULTIMATELY THE SALE IS A BUYER BEWARE SALE. It is important to remember there is an element of risk involved in the purchase of tax liens. For instance, the purchase of tax liens of properties under the control of the Federal Deposit Insurance Corporation (FDIC) and those affected by the Drug Enforcement Administration (DEA) could possibly result in the loss of interest. This office does not identify such potential problems. You must conduct your own investigation into title matters, as well as the location and condition of the property. NO WARRANTIES OF ANY KIND WHATSOEVER ARE MADE BY THE TREASURER.

If you have questions regarding title issues, you should consult with legal counsel. The Treasurer does not and cannot provide legal advice.

For further information on Tax Lien Sales, contact the Treasurer's Office at 303-582-5222.

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