Tax Lien Sale Information
The tax lien sale is held in the Kiowa County Courthouse in November. The sale is conducted on site as an open auction to the highest bidder.
The Treasurer's Office wishes to make it very clear that all sales are made with a "buyer beware" warning. 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. While we make every effort to remove property with bankruptcies, FDIC or RTC connections, we cannot guarantee a property to be buildable or desirable.
To facilitate the bidding process, each tax lien is initially offered in item number order, for the amount of the taxes, interest and fees. The tax lien is sold to the bidder who pays the largest amount. No bids of less than $1.00 increments will be accepted. Premium bids are bids in excess of the taxes, interest and fees. All premium bids made are the investor's expense and will not earn interest nor be paid back to the buyer if the property is redeemed.
The Colorado State Banking Commission sets the rate in September for the tax sale. The interest rate is 15%. Interest is accrued monthly and is paid at the time the certificate is redeemed. The certificate holder can apply for a deed three years after the date of sale if the owner has not redeemed the certificate. Deposits for beginning the deed process are $850.00 for real property and $300.00 for severed minerals.
Any parcel not bid on during the sale will be struck off to the County. No telephone, fax, or mail bids are accepted. County certificates can be assigned to individuals for a $4.00 assignment fee. The County held certificates are posted in our office and the community bulletin board in the Courthouse. We also post it on our website.
Registration will be open for the buyers the day of sale up until sale time. We are required to have a W-9 form on file for each buyer before the sale starts.
Our office keeps the original Tax Lien Sale Certificates on file. This is a benefit to the investors for several reasons. In the case of redemptions, it expedites getting your money back to you. Also, at endorsement time in August, all you have to do is send in your check along with the proper paperwork.
The delinquent taxes are advertised in the Kiowa County Independent and the Kiowa County Press in October, and they are posted on our website. If you would like a copy of the publication, please send a written request to Kiowa County Treasurer, PO Box 247, Eads, CO 81036-0247 or Email at kiowacotreas247@gmail.com to request a copy.
Bid-Rigging Alert on Foreclosure Sales
It is illegal for any person to contract, combine or conspire with any person to rig any bid or any aspect of the bidding process, in any way related to the provision of any commodity or service. CRS 6-4-106.
This includes but is not limited to:
- Arranging with others to take turns bidding
- Agreeing to not bid
- Asking someone to not bid
- Suppressing bidding in any way
- Agreeing to withdraw bids after the sale is closed
- Attempts to collude to influence the outcome of the foreclosure sale
There are civil and criminal penalties for such activities including 1-3 years imprisonment, 2 years of parole and up to $250,000 in fines and we will prosecute.
If anyone approaches you at any time, and attempts to discuss any of these tactics, notify one of our staff members immediately!!!
Treasurer's Deed
Per Colorado House Bill 24-1056, the Treasurer's Deed process has changed effectively July 1, 2024. Deeds will no longer be automatically issued to the lien holder, instead, the option for Treasurer's Deed will be sold through an in-person public auction to the highest bidder. This auction provides an opportunity for the property to be sold at fair market value as determined by bidding. At the conclusion of the auction, the lien holder will have the option to redeem for the auction purchase price if they would like to take ownership of the property.
The only person(s) who may apply for the option for Treasurer's Deed is the holder of the Tax Lien Certificate, and the option is only available for real property and mineral rights; at this time mobile/manufactured homes are excluded from the process.
Contact us for questions regarding the process or for information on how to assign your interest in the tax lien
How Do I Apply?
- Please contact the Treasurer's Office at 719-438-5831 or email us with you tax sale certificate number to request an application.
- Return the completed application and the application fee ($850.00) to our office at 1305 Goff Street, Eads CO, 81036.
- The application fee covers the following expenses of the statutory process:
title commitment and policy, advertising charges, mailing fees, posting fees, auction expenses, and any additional charges accured in the procedures by statute for issuance of a Treasurer's Deed. - If you are submitting more than one application, please include a seperate check for each application.
- The application fee covers the following expenses of the statutory process:
- The Treasurer's Deed process takes approximately six (6) months, given no unforseen problems. the auction takes place four (4) months (120 days), after the first date of advertising. Advertising is initiated as soon as the title commitment and certified mailing to legally interested parties are complete.
- The auction for the Treasurer's Deed will take place if redemption is not made prior to the execution date. The Treasurer's Deed is recorded with the Kiowa County Clerk and Recorder.
Reminders:
- The Treasurer's Deed will not be issues until all subsequent property tax liens are paid in full.
- If the certificate is redeemed prior to the deed issuance, you will be refunded your investment, interest, and your application fee in full. Premium bids are not included in redemption, and no interest is earned on the application fee.
- Upon completion of the auction for a certificate of option for the Treasurer's Deed, you will receive your investment, interest, and application fee in full. Alternatively, you may choose to take ownership of the property for the auction price.
Active Deed List
This report will be updated each month. For historical information, please contact the Treasurer's Office.
Click on the link below to access the Active Treasurer's Deed List in Google Drive to view, print, or download.