§ 39-11-108 — Manner of conducting public auction - definitions

Colorado § 39-11-108

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Sale of Tax Liens

Text

(1) On the day
designated in the notice of sale, the treasurer shall commence the public auction of
the tax liens on those lands and town lots on which the taxes, interest, and fees
have not been paid and shall continue the same from day to day, Saturdays and
Sundays excepted, until the tax liens on each parcel are sold. Where two or more
lots or tracts of land are valued and assessed as one parcel, the treasurer shall sell
a single tax lien on such land or tract. The public auction shall be held at the
treasurer's office or at another location in the county designated by the treasurer,
and all lands and town lots offered at the public auction on the same date of sale
shall be offered for public auction at the same location; except that the public
auction may be conducted by means of the internet or other electronic medium.

(2) A public auction conducted by means of the internet or other electronic
medium to sell lands and town lots under this article shall allow members of the
public to submit bids by computer and permit the treasurer to accept bids for as
long as the treasurer deems necessary. The county and its employees acting in
their official capacity in preparing, conducting, and executing a sale of lands and
town lots under this article are not liable for the failure of a device that prevents a
person from participating in a sale under this article. As used in this subsection (2),
device includes, but is not limited to, computer hardware, a computer network, a
computer software application, and an internet website.

(3) If there is no bid for any tax lien offered, the offering of such tax lien shall
remain open until all the tax liens are offered for sale and the sale is ended or until
the treasurer is satisfied that no more sales can be effected, whereupon it is the
treasurer's duty to strike off to the county, city, town, or city and county the tax
liens on those lands and town lots remaining unsold, for the amount of such taxes,
delinquent interest, and fees thereon. When the treasurer strikes off a tax lien on
any tract of land or town lot, the treasurer shall issue to the county, city, town, or
city and county a certificate of purchase. No taxes levied against any lands for
which a county has purchased a tax lien under the provisions of this section shall be
payable until the same have been derived by the county from the sale of a tax lien
on such lands or from the redemption of such lands.

Legislative History

Source: L. 64: R&RE, p. 725, � 1. C.R.S. 1963: � 137-11-8. L. 85: Entire section amended, p. 1235, � 4, effective July 1. L. 92: Entire section amended, p. 2230, � 18, effective April 9. L. 2005: Entire section amended, p. 1236, � 5, effective June 3.