Tax Lien Sale Information
Sale date: Thursday, November 7, 2013
Registration starts at 8:00 am in the Treasurer's Office at 506 E Main St, Ste 201.
Sale will take place starting at 9:00am in the Rio Grande Meeting Room located at
455 Rio Grande Place, Aspen, CO
2012 Advertised Delinquent Tax List: 2013 Tax Lien Sale Advertising.pdf
THE INTEREST RATE FOR TAX LIEN SALE CERTIFICATES SOLD IN 2013 is 10 PERCENT
Tax Lien Sale Rules
- If you are here to take part in the sale you cannot be a county employee, their spouse or family member nor can you be an agent for them
- Individual or company, that the Tax Lien Certificate is issued to, can only have three representatives for bidding purposes. Example: if individual, you and two agents for; if a company, three agents for. No one person may have two different bidder numbers.
- The tax lien parcel list is created to the best of our knowledge. If the parcel is later discovered as a "wrongfully sold tax lien" the Tax Lien Certificates of Purchase sold would only earn 8% per annum.
- It is the buyer's responsibility to know the quality of the property on which they are paying the taxes and receiving a lien. Any additional information you are seeking should have been done in your research beforehand. The recommendation of the Treasurer is that you consult with private legal counsel prior to the tax lien sale.
- Sequence of Sale will be done as followed:
- Delinquent taxes under $5000 we will do a round robin. If you pass on the property offered you will have to wait until your number comes back around (basically you loose your turn).
- Delinquent taxes $5000 and above will be done with premium bidding. This will start at a minimum $10.00 with $10.00 increments. Premium bids are not refundable and do not earn interest.
- Mining Claims, Mineral Rights, and Mobile Homes will be offered at end of the sell to any interested party in the same manner as the rest of the sale (round robin under $5000, premium bid over $5000)
- All payments must be made within two hours of the end of the sale. If you are unable to render the funds within the two hour timeframe, your properties will be available for sale to the first interested party. This would be considered forfeiting your bid which will result in a five year period where neither you nor an agent for you may take part in our county tax lien sale.
New Investors must submit a deposit or a letter of credit at the time of registering. Deposit must be in certified funds or cash in the amount you believe you will be purchasing. The Treasurer's Office has the authority to limit you to that amount during the sale. In order for Pitkin County to accept a letter of credit it must:
- Be on the bank letterhead;
- Signed by a bank officer;
- Cannot be dated more than two business days prior to the Tax Lien Sale Date;
- Reference the account information on which the payment to Pitkin County will be made from.