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Treasurer
100 Jefferson County Parkway Golden, CO 80419 303-271-8330 |
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Tax Lien Sale
The sale will be held at www.sri-onlineauctions.com AUCTION FORMAT The tax lien sale will be held as an Internet auction administered by SRI Incorporated. Tax liens available for bid will be listed on the SRI web site www.sri-onlineauctions.com beginning October 20, 2011 at 9 a.m. Bidding will close hourly in batches of approximately 180 liens per batch. Each page is considered a batch. The first batch (page one) will close at 8:00 a.m. Mountain Time on October 24,2011 and continuing closing each hour until 8:00 p.m. The bidding rules will be posted at least two weeks before the beginning of the actual auction. Two computers will be available for use in the Treasurer main lobby. Questions regarding the operation of the auction should be addressed to SRI at 1-800-800-9588.
REGISTRATION All Bidders must register with both the Jefferson County Treasurer's Office and the auction provider SRI in order to participate in the Tax Lien Sale. Once a bidder has registered with both parties, the Jefferson County Treasurer's Office will inform SRI that the bidder is approved to start bidding; this can take up to 24 hours. Registration will take place from October 10, 2011 through October 18, 2011. Registration closes at 11:59 P.M. Mountain Time on October 18. Registration with Jefferson County involves a two-step process. First, one must fully complete the Registration Process on our secure web site. This is the only way to register with Jefferson County. Hard copies mailed or faxed to the county will not be accepted as registration. Fill out the registration form online, fill out the W-9 form and print it. Next, you must either mail or fax in the completed W-9 (name, address, social security or employee ID number, sign and date it) form along with your voided check (deposit slips are not accepted) for the account to be charged for all winning bids to: Jefferson County Treasurers Bidders are responsible for seeing that the information supplied on all registration forms is legible and correct and that the name supplied on these forms is the same since the Certificates of Purchase are prepared from this information. Each Bidder will bid and purchase in the name listed. Bidders must register with the same name when registering with Jefferson County Treasurer and SRI. Information for registration with SRI can be found on its Web site www.sri-onlineauctions.com. No one will be allowed to bid until all the registration requirements have been completed and verified. Payment for all winning bids will be made by automatic withdrawal from the bidder's U.S. checking account to Jefferson County at the conclusion of the auction. This is the only form of payment accepted. Payment transfers that are rejected due to lack of funds or other reasons may result in cancellation of the corresponding bid(s) subject to CRS 39-11-116. All tax lien certificates will be kept in safekeeping at our office. With the certificates retained at the Treasurers office, you will receive your payment faster after the lien is paid. It also allows for you to endorse the certificate without having to find them and mail them in to the office. At the end of the sale, you will be emailed a list of the tax lien certificates you purchased.
SALE
Liens will be offered in four sections: improved property, vacant land, unbuildable strips and mobile homes. The sequence will be in schedule number order per the four sections mentioned above. Property owners will be able to pay their taxes and avoid having them go to the sale through October 19, 2011. After this date, all properties will be sold. The tax schedule number and total tax lien dollar amount of each lien will be displayed on the auction site. All successful bids are final. Once a bidder has placed a bid amount, it can not be lowered or cancelled. No changes in, or cancellation of a purchased lien will be made after a bid has been made on a lien or the item has closed.
OVERVIEW Delinquent real property taxes go to tax lien sale in the fall of each year. At the tax lien sale, investors pay the delinquent amount due on a property, which grants the investor a lien on the property. The property owner has three years to redeem the tax lien before the investor is eligible to apply for a Treasurer's Deed on the property. In addition to the amount of the delinquent taxes, the property owner pays an interest charge which is credited to the tax lien investor. For mobile home tax liens, the redemption period is one year. The tax lien sale enables the Treasurer's office to collect virtually all tax dollars for each government entity in a timely fashion. Tax liens can also be an excellent addition to an investor's portfolio.
DESCRIPTION The tax lien sale is the final step in the Treasurer's efforts to collect taxes on real property. A tax lien is placed on each property in the county on January 1 each year and remains until the property taxes are paid. If the property owner does not pay the taxes on their property by late October, the county sells the tax lien at the yearly tax lien sale. The tax lien is auctioned to the highest bidder, who then becomes the tax lien certificate holder. The tax lien sale allows the taxing authorities to receive their budgeted revenue without having to wait for the delinquent taxes to be collected. It also offers an investment opportunity to the general public, who may purchase tax lien certificates and earn a potentially attractive interest rate.
Information about the tax lien sale is presented in a power point presentation (select the "tax lien seminar" button in the tax lien sale drop box).
Last Modified: Sep 14, 2011 08:55 AM |
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