Bidding Rules
Summary of Important Dates
Bidding Rules - 2023 Adams County Tax Certificate Auction
In accordance with §39-11-115 (2) (c) and (d), C.R.S., minimum bids and bid increase increments are as follows:
Minimum bids: The minimum starting bid for each tax lien is equal to the amount of the unpaid taxes, interest, penalties, and fees (the tax lien face value).
Bid increments: Bid increments shall be one dollar ($1.00). Tax liens are awarded to the highest bidder, or in the event of a tie, the winner will be selected at random by the Auction Website, and the winning bid amount will equal the amount of the tie bid.
Tax liens will be grouped into batches and sold in 60 minutes increments starting on 11/03/2023 at 9:00 AM MT and concluding on 11/03/2023 at 1:00 PM MT. Tax liens in each batch will be identified with a closing time.
Bids may be made starting 10/23/2023 at 8:00 AM MT. Bids will be accepted for each tax lien until the batch containing it closes. The Auction Website stores the bids for each tax lien until the batch containing it closes. Prior to the closing of the batch, bidders may change or withdraw their bids. Once a batch closes, the bids become final and may not be changed or withdrawn.
Each winning bidder shall make a deposit of funds sufficient to cover the 10% of the bidder’s winning bids on the Auction Website no later than 10/30/2023 at 2:00 PM MT. If a winning bidder fails to make such a deposit by this time, the Treasurer may, in the Treasurer’s sole discretion, award the tax liens to another bidder or may offer the tax lien for sale. The Treasurer may prohibit a person, who fails to pay the amount due from bidding, from participating in any tax lien sales for up to five years in accordance with § 39-11-116, C.R.S.
The Certificate of Purchase issued on a successful bid will show the legal description, purchase amount, and buyer’s name (as entered in registration), interest rate, and date of sale. The Adams County Treasurer’s Office will store the original Certificates of Purchase.
Redemption interest is 15% per annum. If parcels are redeemed prior to delivery of certificates, redemption payments will be issued to buyers and notations made on buyers’ lists of purchases.
PLEASE NOTE:
i. Those investing in tax liens do so at their own risk and are advised to exercise due diligence in carefully analyzing which tax liens to bid on. There are no guarantees expressed or implied regarding whether a tax lien will prove to be a profitable investment.
ii. The property information accessible on the bid pages was obtained from the Assessor’s office prior to the start of the current auction and is for reference only. Please note that this property information, provided by the Assessor’s office, represents the most current assessment year, not the tax year associated with this tax lien sale, as taxes are paid one year in arrears. It is the buyer’s responsibility to research auction items thoroughly prior to placing bids.
Summary of Important Dates
| Bidder Accounts | |||
| Allow foreign bidder registrations | No | ||
| Single simultaneous bidder rule | No | ||
| Auction Information | |||
| Bidding style | Proxy Bid Auction | ||
| 0 value bids use proxy system | No | ||
| SubAccounts | |||
| Allow sub-accounts | No | ||
| Automatic certificate rollup / rollup fee | --- | --- | |
| Auction Dates and Times | |||
| Registration begins (site opens)** | 10/16/2023 at 8:00 AM MT | ||
| Deposits, Registration fees and Budgets begin | 10/23/2023 at 8:00 AM MT | ||
| Bidding begins | 10/23/2023 at 8:00 AM MT | ||
| Deposits, Registration fees and Budgets end | 10/30/2023 at 2:00 PM MT | ||
| Participation Requirements |
Enter ACH Redemption Information
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| Participation Requirements Due Date | 10/30/2023 at 2:00 PM MT | ||
| Registrations end | 10/30/2023 at 2:00 PM MT | ||
| First batch closes | 11/03/2023 at 9:00 AM MT | ||
| Batch closing interval | 60 minutes | ||
| Last batch closes | 11/03/2023 at 1:00 PM MT | ||
| Auxiliary batch opens | 11/03/2023 at 2:00 PM MT | ||
| Auxiliary batch closes | 11/03/2023 at 3:00 PM MT | ||
| Payment due date | 11/06/2023 at 2:00 PM MT | ||
| Budget, Deposit and Payment Information | |||
| Deposit or Budget required (% of estimated winnings) | 10% | ||
| Minimum deposit amount | $0.00 | ||
| Registration Fee | $0.00 | ||
| Registration Fee Refundable | Yes | ||
| Registration Fee Applied to Winnings | Yes | ||
| Deposit / Payment types acceptable: | Deposits | Payments | |
| Budget | No | --- | |
| ACH | Yes | No | |
| ACH auto-debit final payment | --- | Yes | |
| Wire transfers | No | No | |
| Counter payments | No | No | |
| Redemptions available via ACH? | Yes | ||
| Public Access | |||
| Public computers available | N/A | ||
| ** Subject to change. The site will open when approved by the County. | |||