Colorado Statutes
§ 39-1-109 — Taxes paid by mortgagee - effect
If the mortgagor of real
property fails or neglects to pay the taxes levied on such property or permits such
property to be sold for taxes, the mortgagee may pay said taxes or redeem such
property if sold for taxes, and any taxes so paid or redeemed shall become and be a
lien upon such real property until the same have been repaid to the mortgagee.
Upon payment of any such mortgage or in an action to enforce the same, such
mortgagee may demand the taxes so paid or redeemed, with interest thereon at the
same rate specified in the mortgage, and the same shall be included in any
judgment rendered on the mortgage. The term mortgage includes deeds of trust,
and the term mortgagee includes the beneficiary of a deed of trust.
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Legislative History
Source: L. 64: R&RE, p. 678, � 1. C.R.S. 1963: � 137-1-9. L. 73: p. 1417, � 100.
Nearby Sections
15
§ 39-1-101
Legislative declaration§ 39-1-101.5
Legislative declaration - taxpayer rights§ 39-1-102
Definitions§ 39-1-103.5
Restrictions on information§ 39-1-104
Valuation for assessment - definitions§ 39-1-104.5
Severed mineral interest - placement on tax roll§ 39-1-105
Assessment date§ 39-1-107
Tax liens§ 39-1-108
Payment of taxes - grantor and grantee§ 39-1-109
Taxes paid by mortgagee - effect§ 39-1-112
Taxes available - when§ 39-1-113
Abatement and refund of taxes