Tax Lien Sale
2019 Tax Lien Sale: San Juan County Colorado
The 2019 Tax Lien Sale will be held Wednesday, November 20th at 10 am in the District Courtroom of the San Juan County Courthouse, 1557 Greene Street in Silverton, Colorado. There are no County-held properties at this time. The following information is also available as a brochure.
2019 Public Notice: Delinquent Tax Schedules
Delinquent tax schedules are published in the Silverton Standard and posted in the County Courthouse. The list below will be updated regularly as late tax payments are made.
It must be understood that the sale and purchase of the tax or special assessment lien at a tax lien sale do not convey the right of possession, use, improvement or access to said property. The buyer is purchasing a lien and on which he/she is entitled to interest. The lien may be redeemed by the property owner at any time prior to the issuance of a Treasurer’s Deed.
Payments Required & Deposits
Cash, cashier’s checks and personal checks may be used for payment. Any insufficient funds checks will result in the loss of the lien and cash only for any future participation. No deposits are required prior to the sale. Payment for all bids must be received in our office no later than 3:00 p.m. on the day of sale. Transactions will not be completed until the bidder card is returned.
FOR SAFETY REASONS, SEATING IS LIMITED TO 100 TAX SALE PARTICIPANTS.
There will be no reservation of seats. Seating will be upon the basis of choice upon arrival. The doors to the courtroom will be open at 9:00 a.m. on the day of the sale and the sale begins promptly at 10:00 a.m.
Element of Risk
It is the buyer’s responsibility to know the quality of the property on which they are paying the taxes and receiving a lien. Buyers must rely entirely on their own information, judgment, and inspection of the property records.
Order of Sale
The sequence of the published list will be followed during the Tax Lien Sale. An updated list will be provided to each investor at registration. Each property will be sold in compliance with Title 39, Article II, of the Colorado Revised Statutes.
ONLY ONE INVESTOR NUMBER WILL BE ISSUED PER ACCOUNT.
Bidding will be on one property at a time with the minimum bid being for the taxes that are due on the property. The Treasurer will begin the bidding process in a non-announced seat in the room and proceed taking bids until there are not anymore. The highest bidder will get the lien.
The sequence index number and the minimal amount of each parcel or unit will be read-only once. All successful bids are final. No changes in, or cancellation of, parcels purchased can be made after the lien is sold. If you have questions about this issue, you may speak directly with the Treasurer after the sale.
No San Juan County official, employee, immediate family member or agent of same may purchase a tax lien at this sale pursuant to CRS. 39-11-151.
AFTER THE SALE ...
Tax Lien Sale Certificate of Purchase
Electronic records of the Tax Lien Sale Certificate of Purchase will be maintained in the Treasurer’s office for each property and will be in the statutory format showing the property description, purchase amount, rate of interest, buyer’s name(s), and the date of sale. Certificates will not be issued in a name other than the name(s) of the buyer. An assignment of your Certificate may be requested at a later date in our office. A Tax Lien Sale Receipt is generated by the Treasurer’s office upon payment in full by the buyer(s).
By statute, each year the annual percentage interest rate is set at nine points above the Federal Discount Rate as of September 1. Portions of a month shall be counted as whole months pursuant to law. For current rate information please contact the office after September 1.
Subsequent Years’ Taxing
A holder of a Tax Lien Sale Certificate has the right to pay all subsequent years’ taxes which remain unpaid after all due dates expire. These tax liens will be reflected on the tax lien sale record in the Treasurer’s office. These liens draw interest at the same rate of return as the original certificate. Endorsement payments are accepted annually after August 1st, up to two business days before the annual tax lien sale.
Three years after the issuance of the Certificate of Purchase, the owner of the Certificate may apply to the Treasurer for the issuance of a Treasurer’s Deed to the property. The
Certificate holder must:
- Complete the Treasurer’s Deed Application and pay a $75.00 application fee; and
- Pay a deposit fee of $300.00 for costs & fees (no interest is earned on this amount).
Notification is mailed to the owner of the property, together with notification to others with an interest in the property, pursuant to law. The owner(s) may redeem the property up to the date of the issuance of the deed. All procedures for the issuance of a Treasurer’s Deed in our office are in compliance with the Colorado Revised Statutes and those procedures are closely followed.
All financial obligations must be paid prior to the issuance of the deed. If redemption is made prior to the issuance of the deed, all redemption and deposit monies will be returned to the investor. If you have any legal questions regarding your obtaining title to the property by Treasurer’s Deed, please consult your private legal counsel. Click for more info on Treasurer's Deed.