Tax Lien Sale Information
Tax Lien Sale is held the first Thursday of November (unless that is the first day of the month).
Sale date: November 5, 2009
Pitkin County will conduct their tax lien sale by a rotation method or "round robin" on tax amounts less than $5000.00. Tax amounts which total $5000.00 or more, will be offered after the "round robin" to the highest bidder. For the "round robin" portion of the sale, we will follow the order of parcels as thy appear on the the printed list: Parcel number 1 will be offered to bidder number 1, parcel number 2 will be offered to bidder number 2, etc. Tax Lien Certificates of Purchase sold in 2009 earn 10% per annum when redeemed. Overbids or premium bids are not refundable and do not earn interest. Premium bidding will start at a minimum $50.00 premium with $50.00 increments. Increments may increase based on bids.
- All successful bids must be paid for by cash, cashier's check or certified check. No personal checks will be accepted without a letter of credit on file. All payments must be received within two (2) hours from the conclusion of the sale. If you are unable to render the funds within the two hour time frame, your properties will be available for sale to the first interested party.
- Mining Claims, MIneral Interests or Improvement Only properties will be clearly marked and will be offered at the end of the sale.
- Individual or company that the Tax Lien Certificate is issued to, can only have three (3) representatives for bidding purposes (i.e. if individual, you and two agents for if a company, three agents for. No one person may have two different bidder numbers.
- The tax lien parcel list is created to the best of our knowledge. If the parcel is later discovered as a "wrongfully sold tax lien" the Tax Lien Certificates of Purchase sold would only earn 8% annum.
It is the buyer's responsibility to know the quality of the property on which they are paying the taxes and receiving a lien. The recommendation of the Treasurer is that you consult with private legal counsel prior to the tax lien sale.