Colorado § 39-3.5-111 Time for payment - delinquencies

Colorado Statutes

§ 39-3.5-111 — Time for payment - delinquencies

Colorado § 39-3.5-111

Title 39Taxation

Art.Tax Deferral for the Elderly

This text of Colorado § 39-3.5-111 (Time for payment - delinquencies) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 39-3.5-111 (2026).

Text

(1)Whenever any of the circumstances listed in section 39-3.5-110 occurs:

(a)No further tax deferrals may be claimed on the property until all loans for unpaid taxes, including previously deferred taxes and interest, have been paid.

(b)All loans for deferred taxes and accrued interest shall be due and payable ninety days after the circumstance occurs, except as provided in subsection (2) of this section and in section 39-3.5-112.

(2)Any provision of this section to the contrary notwithstanding, when the taxpayer dies a loan for deferred taxes and accrued interest shall be due and payable one year after the taxpayer's death.

(3)If a loan for deferred taxes and accrued interest is not paid on the due date, such amounts are delinquent as of that date, and the state treasurer m

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(1) Whenever any of the
circumstances listed in section 39-3.5-110 occurs:

(a) No further tax deferrals may be claimed on the property until all loans for
unpaid taxes, including previously deferred taxes and interest, have been paid.

(b) All loans for deferred taxes and accrued interest shall be due and
payable ninety days after the circumstance occurs, except as provided in
subsection (2) of this section and in section 39-3.5-112.

(2) Any provision of this section to the contrary notwithstanding, when the
taxpayer dies a loan for deferred taxes and accrued interest shall be due and
payable one year after the taxpayer's death.

(3) If a loan for deferred taxes and accrued interest is not paid on the due
date, such amounts are delinquent as of that date, and the state treasurer may
foreclose the deferred tax lien.

(4) Foreclosure by the state treasurer of deferred tax liens shall be in the
same manner as provided by law for the foreclosure of judgment liens. At the
foreclosure sale, the state treasurer or his representative shall bid on behalf of the
state of Colorado the amount of the deferred tax lien.

(5) If the owner of the tax-deferred property elects to do so, he or she may
convey the property to the state of Colorado in lieu of paying a loan for deferred
taxes and accrued interest. Upon completion of such conveyance, all deferred tax
liens upon the property shall be extinguished, and all liability for payment of a loan
for deferred taxes and accrued interest shall be released.

(6) The lien for deferred taxes shall be subject to and may be extinguished in
a proper foreclosure of a mortgage or deed of trust recorded prior to the date of
recording of the certificate of tax deferral. In any such foreclosure, any notice that
is required to be sent to the state by reason of the state's holding of a lien for
deferred taxes shall be sent to the state treasurer. All other procedural matters for
such foreclosure, including notice and time limits, shall be as provided in the law
pursuant to which the foreclosure is brought.

(7) Whenever the state forecloses a lien for deferred taxes, the interest in
the property obtained thereby shall be subject to foreclosure proceedings by the
holder of a mortgage or deed of trust recorded prior to the date of recording of the
certificate of tax deferral.

Legislative History

Source: L. 78: Entire article added, p. 475, � 1, effective February 28, 1979. L. 79: (4) amended and (6) and (7) added, p 1666, � 139, effective July 19; (1)(b) amended and (5) added, p. 1413, � 7, effective January 1, 1980. L. 2002: (1), (2), (3), and (5) amended, p. 638, � 5, effective July 1. L. 2022: (3) amended, (SB 22-220), ch. 388, p. 2763, � 13, effective June 7.