Tax Lien Sales

ANNUAL INTERNET TAX LIEN SALE
November 5th, 2020

Click here for the Zeus Auction website

OCTOBER 12th, 2020 - AUCTION SITE OPENS FOR REGISTRATION AND RESEARCH

REGISTRATION CLOSES AT 12:00pm November 4th, 2020 - NO EXCEPTIONS

BIDDING OPENS November 5th at 8:00 AM MST

AUCTION CLOSES November 5th at 5:00PM MST - SAME DAY

AUCTION FORMAT

The tax lien sale will be an Internet auction administered by SRI Inc. Properties available for bid will be listed on the SRI website (click to view) beginning on or about October 12th, 2020.

Questions regarding the operation of the auction should be addresses to SRI Inc. at (800) 800-9588 or email Zeus Support by clicking here.

SALE

The Gunnison County Tax Lien Sale will be held via the Internet for ONE DAY ONLY, November 5th, 2020 at the Zeus Auction website (see link above).

Liens not sold are struck off to the County and are available for purchase through the Treasurer's Office.

At the County Treasurer's discretion, the method of sale may change.

REGISTRATION

The internet auction website will be open for registration and research on or about October 12th, 2020 through November 4th, 2020 at 12:00pm.

You will need to create a login. No deposit is required at the time of registration.

Each bidder will be required to register online with Zeus Auction (click here) to participate. Bidders are responsible to assure their information is correct as IRS W-9 forms, tax lien certificates, redemptions, and refunds are prepared from this information. All documents must match name with tax payer ID. Only bidders with a US Tax Payer ID are allowed to participate.

BIDDING

Employees and officials of Gunnison County, members of their immediate families or their agents, may not acquire a tax lien at the Gunnison County Tax Lien Sale. CRS 39-11-151.

Bidding begins NOVEMBER 5th, 2020 at 8:00 AM MST and continue up until closing hour the SAME DAY, NOVEMBER 5th, 2020 at 5:00 PM MST.

Bidding will begin at the amount of taxes, interest, advertising, and fees dues at the time of sale. Any bid in excess of this amount is called a Premium Bid.

The PREMIUMS ARE NOT RETURNED IF THE PROPERTY IS REDEEMED, nor do you receive interest on the premium amount. The person paying the highest amount is issued a Tax Lien Certificate of Purchase, which is a lien on the property. YOU ARE NOT BUYING THE LAND! This is merely a lien against the property. It must be understood that the sale and purchase of a tax lien does not convey the right of possession, use, improvement, or access to said property.

TERMS

BUYER BEWARE TAX SALE - It is the bidder’s responsibility to research the property on which they are bidding. At the close of the auction, all successful bids are final. No changes or cancellation of liens purchased can be made after the lien is sold.

When the auction ends, SRI Inc. will notify the high bidders by email. Auction results are also available for anyone to examine for a minimum of five (5) days after closing. If the high bidder fails to pay according to the terms for each sale, the high bidder will lose their right to the item purchased and will be barred from bidding on this site in all future auctions.

Payment for all winning bids will be made by ACH from the bidder’s account that was used in the registration process. This is the only form of payment accepted.

The bidder is responsible for ensuring that there are sufficient funds in the account that was used in the registration process.

Non Payments or payments 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.

INTEREST

Tax Lien Interest Rate for 2020 is 9%.

If a property is wrongfully sold, the interest paid to the purchaser shall be two points above the Discount Rate but no lower than 8%. CRS 39-12-111.

TAX LIEN

Successful bidders are issue an original Tax Lien Sale Certificate for each property. Originals are kept in the Treasurer’s Office and a copy will be mailed to you approximately two weeks after the sale.

You do not have ownership rights to the property, simply a property tax lien. YOU ARE NOT BUYING THE LAND! This is merely a lien against the property.  It must be understood that the sale and purchase of a tax lien does not convey the right of possession, use, improvement, or access to said property.

A tax lien is valid for 15 years from the original issue date. After 15 years, the Tax Lien Certificate is cancelled. CRS 39-11-148.

If you wish to transfer a Tax Lien Certificate of Purchase, this can be done by a notarized affidavit or by completing the Assignment on the front of the Tax Lien Certificate of Purchase. The Treasurer’s Office must be notified when a Tax Lien Certificate of Purchase is assigned so that we know where to send payment upon redemption.

DELINQUENT PROPERTY TAX LIST

The list of tax liens available for purchase will be advertised for three consecutive weeks prior to the sale in the Gunnison Country Times on October 8th, 15th, and 22nd. A hard copy of the actual paper with the advertised list is available from the Treasurer’s Office. Send $2 along with your request to the Gunnison County Treasurer for a copy. Don’t forget your mailing address.

Delinquent lists will not be updated once published, to find payment status of a tax account click here.