Real Property Tax Lien Sale Information |
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| 1. |
How often are tax lien sales held? |
Once a year. |
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| 2. |
How many real estate parcels are taxed in El Paso County in 2009? |
219,983 |
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| 3. |
How many tax liens did you advertise for sale in 2009? |
5,593 |
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| 4. |
How many tax liens were sold in 2009? |
3,684 |
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| 5. |
What was the total dollar amount of tax liens sold in 2009? |
7,068,371.80 |
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| 6. |
How many buyers participated in the 2009 tax sale? |
280 |
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| 7. |
How many tax liens were not purchased? |
482 (463 real estate parcels & 19 mineral rights) |
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| 8. |
What happens to unsold tax liens? |
Unsold tax liens are struck to the County and are available for assignment. |
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9. |
Is a list of unsold tax liens available? |
Yes. The list is available on our website: www./trs.elpasoco.com or a hardcopy may be requested from our office for a $5.00 fee made payable to the El Paso County Treasurer. |
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| 10. |
What was the interest rate for liens sold in 2009? |
10% |
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| 11. |
When will your next tax sale be held? |
To be announced. |
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| 12. |
When and where are the tax liens to be sold advertised? |
The list of unpaid real estate taxes is published in the El Paso County Advertiser and News. Publication dates for the 2010 tax sale will be announced at a later date. |
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| 13. |
When I purchase a tax lien what type of documentation do I receive? |
A tax lien sale certificate of purchase. |
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| 14. |
Do I have to be present at the sale to buy tax liens? |
Only for the Open Bidding. Buyers cannot be present for the Automatic Rotation Selling. |
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| 15. |
May I send a representative to purchase tax liens for me in the Open Bidding portion of your sale? |
Yes. |
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| 16. |
What do I have to do to be able to buy tax liens at your tax sale? |
Buyers who have participated in prior sales need only make their deposit and complete the Automatic Rotation Selling Authorization & Allocation form. New Buyers must complete and submit a W-9; a Buyer Registration form; and an Automatic Rotation Selling Authorization and Allocation form along with their deposit. Forms are available on our website. Automatic Rotation Selling Authorization and Allocation of Tax Sale Deposit Form. W-9; Buyer Registration Form; |
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| 17. |
When does your office accept tax sale deposits and new buyer registrations? |
Beginning two weeks prior to the sale date. |
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| 18. |
May I write a personal or business check for my tax sale deposit? |
No. Deposits must be in the form of certified funds, i.e. cashier's check, cash, money order, or wire transfer. |
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| 19. |
How much do I have to put on deposit? |
The amount you are willing to invest in tax liens. |
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| 20. |
How are the tax liens offered at your sale? |
Tax liens are sold in four (4) categories. |
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| 21. |
May I endorse subsequent year taxes onto my existing tax liens? |
Yes. A report will be mailed to you with the endorsement (sub-tax) amounts the first week of July. |
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| 22. |
What is the redemption period of a tax lien? |
Three (3) years from the date of the sale. |
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| 23. |
If the tax lien isn't redeemed within the three (3) year period what do I do? |
You may apply for a tax deed to the property. Application may be made four (4) months prior to the third anniversary of the sale date. |
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| 24. |
Is there a fee to apply for a tax deed? |
Yes. The current fee is $350.00 |
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| 25. |
Do tax liens expire? |
Yes. Unredeemed tax liens will expire on the 15th anniversary of the sale date. |
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| 26. |
What do I receive from a tax deed? |
The issuance of a valid tax deed creates new title to the property. The recipient should establish their interest in the property through a suit to quiet title. |
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| 27. |
Can a tax deed be challenged? |
Yes. Action may be brought within five (5) years of the date of issuance, or within nine (9) years if a person is under legal disability, to set aside a tax deed.
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| 28. |
What governs tax sales in your County? |
Colorado Revised Statutes, Title 39, Articles 10, 11 & 12. |