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Tax Lien Sale

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November 13, 2014
Doors will open at 7:30 a.m.
Tax Lien Sale will begin 8:30 a.m. (no limits on capacity)
McKee Community Building at the Larimer County Fairgrounds and Event Center

(Location and times are subject to change.)

Location

The 2014 Larimer County Tax Lien Sale will be held in the McKee Community Building at the Larimer County Fairgrounds and Event Center (The Ranch). The Ranch is located directly adjacent to I-25, just north of Highway 34, in Loveland, Colorado. To reach the Ranch, exit I-25 at Crossroads Boulevard, Exit 259. Travel East one mile to Fairgrounds Avenue (County Road 5) and go north to the entrance. The McKee Building is the first building on the right.

Parking

Parking is in the gravel lot south east of the McKee building. Marked handicapped parking spaces are located directly in front of the building.

Mailing List

If you would like to receive a packet for the Tax Lien Sale, please send $5.00 (credit cards are not acceptable) to:

Larimer County Treasurer's Office
ATTN: Tax Sale Civil Deputy
P.O. Box 1250
Fort Collins, CO 80522

This packet includes our Tax Lien Sale brochure and an advertising tabloid of the delinquent property taxes as of Oct. 1, 2014. The packets will be mailed mid-October.

Our Tax Lien Sale is conducted with the goal of fairness in mind. Comments and suggestions are given serious consideration, and have been implemented where functional. Please feel free to contact us at (970) 498-7032 or via e-mail.

For further information select:

All property (real) taxes must be collected in order to meet the budget of all certified taxing authorities. Therefore, an annual Tax Lien Sale is held to collect the unpaid taxes. These taxes are purchased by investors who, in turn, earn interest on the tax liens against these properties. The amount of the individual tax lien(s) purchased includes the amount of tax, delinquent interest (through November), and advertising / certificate fees.

Three years following the date of Tax Lien Sale, an application for a Treasurer's Deed may be accepted from the tax lien holder if redemption of the lien is not received. The application process ranges from five-to-six months. All legally interested parties are given a 120-day redemption period to keep their interest in the property. A Treasurer's Deed is issued if redemption, (plus the $350.00 application fee), is not received by a legally interested party before the issuance date of the Deed.

Tax Lien Sale Procedures

Who Can Participate?

C.R.S. 39-11-151(1)(b); No tax lien shall be sold to an elected or appointed county official, to a county employee, or to a member of the immediate family of such person or to the agent of any such county official or employee during the time the official or employee holds office or is employed. You must be of legal age (18) to participate in our tax lien sale.

Agents

Agents for individual investors are not allowed. See section on Assignment of Tax Liens.

Registration

Registration will begin at 7:30 a.m. the day of the sale. Tables will not be available so please plan accordingly.

Food and Drink

Concessions will be provided. Drinks, breakfast foods and lunch items will be availablefor sale. Tables and chairs will be available for eating purposes only.

IRS Requirements

We are required by the Internal Revenue Service to issue 1099-INT Forms to tax buyers. You must complete a W-9 at the time of registration or already have one on file with the Larimer County Treasurerís Office to participate in our Tax Lien Sale. The W-9 forms will be available at the Tax Lien Sale.

New investors or previous investors with changes to their W-9 can mail their completed W-9 to our office. If your W-9 is received in our office by November 10, 2014 you will only have to check in to get a bidder card the day of the sale.

Deposits

We no longer require deposits to purchase liens at our Tax Lien Sale. Deposits are required for liens purchased by parties with legal vested interest.

Interest Rate

The interest rate (established pursuant to C. R. S. 39-12-103) is 10%. This rate is established by adding nine percentage points to the federal discount rate as of September 1, 2014, and rounding to the nearest full percent.

Buyer's Lists

The current buyer's lists can be picked up at the registration table on Tax Lien Sale day.

Real Estate Sale

Strike-offs and Real Estate, including premium bids will be sold starting at 8:30 a.m. Properties will be sold in alphabetical order, by owner's name.

Mobile Home Sale

Mobile Homes will be sold starting at 9:30 a.m. in a different room. This sale will be concurrent with the Real Estate sale. Properties will be sold in alphabetical order, by owner's name.

Strike-Offs

Anyone with a legal interest in a particular parcel(s) and desiring a lien stricken off to them, must sign a declaration of legal vested interest and deposit the dollar amount to cover these liens between November 3 and November 10, 2014. We will announce these strike-offs at the beginning of the Tax Lien Sale. If other buyers do not object to the strike-off requests, the sale of these liens will be considered final.

Rotation Bidding

The first bidder will be chosen using a randomly selected bidding number. It doesn't matter where you sit in the room; everyone is going to have the same chance at the property taxes being offered for sale. Rotation bidding will be done in seating order to allow participants equal bidding opportunities. Since the sale will proceed in seat order, it is very important that you maintain your original seat. Only one card will be issued per person.

If an item is less than $200, the bidder may pass without losing a turn. The less-than $200 item is then opened to the floor. For items over $200, the bidder must accept or lose the turn. If the bidder declines, the item is then offered to the next person in rotation.

Premium Bids

Premium bids are bids placed in excess of a property's taxes face value. On parcels listed at $5,000 or more, the minimum premium bid is $50 with minimum raises of $25.

Premium bids will only be accepted on those properties with an amount due of $5,000 or more. (This amount is subject to change)

Investors must stand to be recognized during the premium bidding process. All premium bids are made at investor's expense and absolutely no interested is earned on them, nor is this amount refunded when the property is redeemed.

End Of Sale

Purchases must be paid before leaving the premises. Failure to do so will result in loss of liens purchase!

**Only personal checks for the purchase amount will be accepted. We are not accepting cash or certified funds at Tax Lien Sale.**

Verify account expenditure with the Treasurer's staff located at the Tax Lien Sale registration table. Your bidder card must be dropped off at check-out.

Make checks payable to: Larimer County Treasurer. Checks must be made for the exact amount of purchases. If your check is returned for NSF, it will result in the loss of liens purchased and you will be banned from future tax lien sales.

Account Balances

Anyone requesting account balance information during the sale can receive an update from the Treasurer's staff located at the registration table.

Tax Lien Certificates Of Sale

All certificates of sale will be held in safekeeping in the Larimer County Treasurer's vault unless otherwise instructed by a formal written request. A safekeeping receipt and complete computer report of all Tax Lien Sale purchases will be forwarded to you. This usually takes about 7-10 working days.

Assignment of Tax Liens

We will start processing assignment of liens in January 2015. This will allow our office enough time to complete all of the necessary paperwork before making any assignments. Please contact Michele at (970) 498-7032, after January 2, 2015, to setup an appointment to request an assignment. There is a $15.00 fee to process each assignment.

Element Of Risk

It is important to remember the element of risk involved in the purchase of tax liens. The purchase of tax sale liens of properties under the control of the Federal Deposit Insurance Corporation (FDIC) and those affected by the Drug Enforcement Administration (DEA) could possibly result in the loss of your investment. Additionally, it is impossible for this office to identify all of the potential problems in this area. Please conduct your own investigation to reduce the possibility of loss.

Our Tax Lien Sale is conducted with the goal of fairness in mind. Comments and suggestions are given serious consideration, and have been implemented where appropriate. Thank you for interest in this year's sale!

Tax Sales State Wide

Click below for the dates and times of Tax Sales in the other counties in Colorado.

For further information on Tax Lien Sale contact the Treasurer's Office at (970) 498-7032, or via e-mail

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