Summary of Dates and Important Information
Garfield County, Colorado 2023 Tax Certificate Sale Auction
Information on the Public Auction of Delinquent Real and Mobile Home Property Tax Liens
The Tax Lien Sale is a public auction usually held around the first part of November. Buyers pay the total advertised price consisting of tax, interest to the date of auction, an advertising fee, and in the case of mobile homes, distraint fees. They also pay a certificate fee and an auction fee, plus any premium bid. The person paying the highest amount is issued a Certificate of Purchase. This is a negotiable document representing a lien on the property and it is valid for 15 years. The buyer does not recover the premium paid over the starting amount. The certificate earns interest at the rate stated on the certificate with portions of calendar months considered as whole months.
The Buyer will be provided with copies of all Tax Lien Sale Certificates of Purchase and a receipt. Buyers are responsible for keeping adequate records. The Treasurer’s Office is responsible for the public auction of the tax lien, immediate notification to buyer of redemptions, and safe-keeping of the original Certificate of Purchase.
The redemption amount paid is the certificate amount (tax, interest, advertising, distraint, and other fees), plus redemption interest. The annual redemption interest rate for each year’s public auction is established by adding 15% to the September 1st Federal Reserve discount rate, 0.25% this year, and rounding to the nearest full percent. One twelfth of this rate accrues on the first day of each month. Upon redemption a check will be immediately issued.
Buyers may, after July 1st pay the subsequent year’s unpaid taxes for endorsement onto their certificates. These payments earn the same interest as the original public auction Certificate of Purchase.
If the real property has not been redeemed after three years from the date of public auction, the buyer can apply for a Treasurer’s Deed to the property. A deposit of $350.00 is due at the time of application. After a title search, advertising and notification of all interested parties, a Treasurer’s Deed is issued if there has been no redemption. This process generally takes four to six months.
If a mobile home has not been redeemed after one year from the date of public auction, the buyer can apply for a Certificate of Ownership (Title) to the property. A deposit of $50.00 is due at the time of application. After the notification of all interested parties, a Certificate of Ownership is issued if there has been no redemption. This process generally takes 60-90 days.
If you wish to participate in our public auction you must register prior to the start of the auction, and a financial deposit is required. The subject of the sale of Tax Liens, Deeds, Redemptions, etc., which are administered by the County Treasurers, is covered by Colorado Revised Statutes, Title 39, Articles 11 and 12.
In accordance with C.R.S. §39-11-115(2)(c) and (d), minimum bids and bid increase increments are as follows:
- Minimum bids: The minimum starting bid for each tax lien is equal to the amount of the unpaid taxes, interest, penalties, and fees (the tax lien face value).
- Bid increments: Bid increments shall be One dollar ($1.00). Tax liens are awarded to the highest bidder, or in the event of a tie, the winner will be selected at random by the auction engine, and the winning bid amount will equal the amount of the tie bid.
Tax liens will be grouped into batches and sold in 60 Minutes increments starting on Friday, November 3rd, 2023, at 9:00 AM MT and concluding on Friday, November 3rd, 2023, at 2:00 PM MT. Tax liens in each batch will be identified with a closing time.
In order to participate, each bidder shall make a minimum deposit of $75.00 on the auction site no later than Friday, October 27th, 2023 at 2:00 PM MT AND set a budget in the amount of their estimated winnings prior to batch closings.
Bids may be made starting Tuesday, September 26th, 2023, at 10:00 AM MT. Bids will be accepted for each tax lien until the batch containing it closes. Prior to the closing of the batch, bidders may change or withdraw their bids. Once a batch closes, the bids become final and may not be changed or withdrawn.
Final Payment: At the close of the auction, if you are a successful bidder, payment for your auction balance will be automatically debited from the account authorized to make your final payment. It is the bidder's responsibility to ensure "good funds" are available in the authorized account no later than Monday, November 6th, 2023 at 2:00 PM MT when the debit will be initiated.
If a winning bidder fails to make final payment for any reason, the Treasurer may, at their sole discretion, award the tax lien(s) to next bidder or may offer the tax lien(s) for re-sale.
The Treasurer may prohibit a person who fails to pay the full amount due, from participating in tax lien sales for up to five years in accordance with C.R.S. 39-11-116.
Redemption interest is 15% per annum as established September 1st, 2023 pursuant to C.R.S. §39-12-103 for the period beginning October 1, 2023.
Please Note:
- Those investing in tax liens do so at their own risk and are advised to exercise due diligence in carefully analyzing which tax liens to bid on. There are no guarantees, expressed or implied, regarding whether a tax lien will prove to be a profitable investment.
- The property information accessible on the bid pages was obtained from the Assessor’s office prior to the start of the current auction and is for reference only (please note that this property information provided by the Assessor’s office, represents the most current assessment year, not the tax year associated with this tax lien sale, as taxes are paid one year in arrears). It is the buyer’s responsibility to research auction items thoroughly prior to placing bids.
- County officials and employees of Garfield County and members of their families are not permitted to purchase at the public auction.
SUMMARY OF IMPORTANT DATES AND INFORMATION
| Bidder Accounts | |||
| Allow foreign bidder registrations | No | ||
| Single simultaneous bidder rule | No | ||
| Auction Information | |||
| Bidding style | Proxy Bid Auction | ||
| 0 value bids use proxy system | No | ||
| SubAccounts | |||
| Allow sub-accounts | No | ||
| Automatic certificate rollup / rollup fee | --- | --- | |
| Auction Dates and Times | |||
| Registration begins (site opens)** | 09/26/2023 at 10:00 AM MT | ||
| Deposits, Registration fees and Budgets begin | 09/26/2023 at 10:00 AM MT | ||
| Bidding begins | 09/26/2023 at 10:00 AM MT | ||
| Deposits, Registration fees and Budgets end | 10/27/2023 at 2:00 PM MT | ||
| Participation Requirements |
Set a budget
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| Participation Requirements Due Date | 10/27/2023 at 2:00 PM MT | ||
| Registrations end | 10/27/2023 at 2:00 PM MT | ||
| First batch closes | 11/03/2023 at 9:00 AM MT | ||
| Batch closing interval | 60 Minutes | ||
| Last batch closes | 11/03/2023 at 2:00 PM MT | ||
| Auxiliary batch opens | 11/03/2023 at 3:00 PM MT | ||
| Auxiliary batch closes | 11/03/2023 at 5:00 PM MT | ||
| Payment due date | 11/06/2023 at 2:00 PM MT | ||
| Budget, Deposit and Payment Information | |||
| Deposit or Budget required (% of estimated winnings) | 100% | ||
| Minimum deposit amount | $0.00 | ||
| Registration Fee | $75.00 | ||
| Registration Fee Refundable | Yes | ||
| Registration Fee Applied to Winnings | Yes | ||
| Deposit / Payment types acceptable: | Deposits | Payments | |
| Budget | Yes | --- | |
| ACH | Yes | No | |
| ACH auto-debit final payment | --- | Yes | |
| Wire transfers | No | No | |
| Counter payments | No | No | |
| Redemptions available via ACH? | No | ||
| Public Access | |||
| Public computers available | Treasurer's Office-Glenwood Springs | ||
| ** Subject to change. The site will open when approved by the County. | |||