§ 39-12-113 — Redemption of proportionate interest

Colorado § 39-12-113

• Jurisdiction: Colorado
• Title 39: Taxation
• Art.: Redemption

Text

(1) Any person who has or
claims an interest in or a lien upon all or any part of any undivided or divided estate
or interest in any piece or parcel of land or lot for which a tax lien was sold pursuant
to article 11 of this title may redeem such undivided or divided estate or interest by
paying to the treasurer his proportionate part of the amount required to redeem the
whole. In such case the treasurer shall issue to such party a certificate of
redemption for his interest in such land or lot, as provided by law.

(2) In the event that the treasurer cannot definitely ascertain the amount
required to redeem the portion sought to be redeemed, he shall request the
assessor to determine the valuation for assessment on such portion sought to be
redeemed as of the original assessment date for the tax upon which the sale of the
tax lien was based. Such assessor shall furnish such valuation for assessment to
the treasurer forthwith. The treasurer shall thereupon ascertain such proportionate
redemption amount as that amount which bears the same proportion to the amount
required to redeem the entire piece or parcel of land or lot for which a tax lien was
sold as such valuation for assessment so furnished bears to the original valuation
for assessment of the entire piece or parcel of land or lot for which a tax lien was
sold.

Legislative History

Source: L. 64: R&RE, p. 748, � 1. C.R.S. 1963: � 137-12-13. L. 85: Entire section amended, p. 1251, � 41, effective July 1.