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Treasurer and Public Trustee
Morgan County, Colorado

Tax Lien Sale


Real Estate Tax Lien Sale Information
     ~ Online Auction website: www.zeusauction.com

Manufactured Housing Tax Lien Sale Information
     ~ MH Tax Lien Sale Listing - pdf format   
     ~ MH Tax Lien Sale Listing - rich text format

Tax Lien Sale Lists and Reports
     ~ County Held Certificates Available For Sale
     ~ Tax Lien Sales Records
     ~ Tax Lien Sales Statistics
     ~ Pending Tax Deed Listing - pdf format
     ~
Pending Tax Deed Listing - rich text format
     ~ Property Acquired by the County by Tax Deed


2017 Real Estate Tax Lien Sale Information

General Information

The Morgan County Tax Lien Sale was held via the Internet, November 1-3, 2017.

The 2017 auction website was www.zeusauction.com.
For support, call SRI, Inc. at 1-800-800-9588.

           Dates
  Registration Opens:  8:00 am*, Monday, October 9, 2017
  Registration Closes: 5:00 pm*, Tuesday, October 31, 2017
  Auction Opens:  8:00 am*, Wednesday, November 1, 2017
  Auction Closes:  5:00 pm*, Friday, November 3, 2017
     *All times are Mountain Daylight Savings Time

Delinquent Property Tax List

The delinquent property tax list was advertised in The Brush News Tribune.  In addition, the tax liens available for sale were listed on the auction web site shown above and on this website.

Registration

All potential bidders must register BEFORE the auction, even if you were registered last year. Registration is online at the auction website.  Registration includes the completion of an IRS required W-9 form.  Further details of the registration process will be available on the website.  We encourage everyone to register in advance of the auction so you have time to do your research.

Premium Bids

The investor offering the highest premium purchases the tax.
Minimum premium bids are $1.00.
Please note that any premiums will NOT be refunded.

Payment Terms

When the auction ends, the high bidders are notified 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.

·    The transfer will be initiated as soon as it is practical to do so following the close of the auction.

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.

County Held Liens

Any taxes not sold at the auction are held by the county and are normally available for purchase from the Treasurer's office.  Follow the links at the top of the page for current figures.

Rate of Return

The interest rate on taxes purchased at the tax lien sale is nine percentage points above the discount rate paid to the Federal Reserve Bank on September 1st. The rate on the certificate will remain the same for the life of that certificate.

The rate of return for certificates sold in 2017 is 11%.

Following the Sale

You will receive a listing or copies showing each tax lien you purchased. The original certificates will be held in our office for safekeeping. If the taxes in ensuing years become delinquent, you will be notified in July and given the opportunity to endorse (pay and add) the taxes to the certificates you hold. You will receive the same interest rate on subsequent taxes as on the original certificate. When tax liens are redeemed, a check will be forwarded to you for the amount of tax purchased plus interest from the month of sale to the month of redemption. You will not be refunded any premiums. The redemption period for real estate taxes is three years from the date of the original tax sale. You will receive a 1099 showing the amount of redemption interest paid to you. A copy is also sent to the IRS.

Colorado State Statutes

Copies of the Colorado State Statutes are available at your local library or on the internet at www.colorado.gov.

Bidder Eligibility and Disclaimer

Unpaid property taxes on real estate are sold at a public tax lien auction each year for the amount of taxes due plus interest and fees.  Morgan County's tax lien sale is an open internet auction.  Anyone, excepting county employees and their immediate families, may purchase tax liens. 

Please note that you are only purchasing a property tax lien. You are not being granted any property rights. There is a three year redemption period for most properties sold at the tax lien sale and during that time, the property still belongs to the assessed owner.  Most investors participate in the sale because the interest rates are attractive. Very few property tax liens actually go to deed. The Treasurer of Morgan County makes no assertions or guarantees concerning the properties for which the tax liens are being offered.  As with any investment, there is a certain degree of risk involved in purchasing tax liens and potential buyers should consider consulting with a financial advisor before investing.

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2017 Manufactured Housing Tax Lien Sale Information

DATE AND TIME:  The date for the 2017 manufactured housing tax lien sale is November 30, 2017 at 10:30 a.m. 

LOCATION OF SALE: The Morgan County Treasurer's Office, 231 Ensign, Street, Fort Morgan, CO 80701.

ADVERTISEMENT OF SALE:  The list of delinquent taxes is advertised in The Brush News Tribune and on this web site. 

REGISTRATION:  On the day of the sale, all bidders must register in the Treasurer's Office, indicating the name in which certificates are to be issued. We also require a W-9 form showing the social security number of the individual investor or the Employer Identification number of corporations or companies purchasing tax liens. Please try to arrive early enough to get registered before the sale begins.

THE BIDDING PROCESS:  You or your agent must be present to participate in the bidding process. Morgan County holds an open auction. Each buyer is issued a number. When the taxes you wish to purchase are auctioned, raise your number. If you wish to bid a premium (an amount over and above the tax amount), clearly call out the amount you are bidding. The investor offering the highest premium purchases the tax. Premium bids must be in $1.00 increments for any taxes under $1,000.00. Premium bids on taxes $1,000.00 and over must be in $5.00 increments. Please note that any premiums you pay will NOT be refunded to you.

WHAT YOU ARE PURCHASING:  You are only purchasing a property tax lien. You are not being granted any property rights. There is either a one year or a three year redemption period for most manufactured housing sold at the tax lien sale and during that time, the property still belongs to the assessed owner.

LIENS NOT SOLD AT THE SALE:  Any taxes not sold at the sale are held by the county and are normally available for purchase from the treasurer's office.   Follow the links at the top of the page for current figures.

RATE OF RETURN:  The interest rate on taxes purchased at the tax lien sale is nine percentage points above the discount rate paid to the Federal Reserve Bank on September 1st. The rate on your certificate will remain the same for as long as you hold that certificate. The rate of return for certificates sold in 2017 is 11%.

AFTER THE SALE:  You will receive a printout showing the account numbers and amounts for each tax lien you purchased. The certificates will be held in our office for safekeeping unless otherwise instructed. If the taxes in ensuing years become delinquent, you will be notified in July and given the opportunity to endorse the taxes to the certificates you hold. You will receive the same interest rate on subsequent taxes as on the original certificate. When tax liens are redeemed, a check will be forwarded to you for the amount of tax purchased plus interest accruing from the day of sale to the date of redemption. You will not be refunded any premiums. If the certificate is in your possession, you will be notified to return it to our office. Upon receipt of the certificate, you will receive a check. You will receive a 1099 showing the amount of redemption interest paid to you. A copy is also sent to the IRS.

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