Chapter 30 - § 30.7 • DISPOSAL BY COUNTY OF TAX-DEEDED PROPERTY

• Jurisdiction: Colorado

§ 30.7 • DISPOSAL BY COUNTY OF TAX-DEEDED PROPERTY

§ 30.7.1—In General

The board of county commissioners may, out of the general fund, make such essential repairs on tax-deeded property and pay such premiums for fire insurance as are necessary for the protection and preservation of any improvements on the property. The board may, in its discretion, institute and prosecute suits to quiet title to such tax-deeded property.⁴⁰⁴

The assessor must annually value tax-deeded property in the same manner prescribed by law for other taxable property and must notify the board of such valuation.⁴⁰⁵

§ 30.7.2—Sale or Lease of Tax-Deeded Property

The board of county commissioners has the power to retain for public projects, rent, lease, or sell tax-deeded property.⁴⁰⁶

If the board of county commissioners retains tax-deeded real property for a present or future public project,⁴⁰⁷ it must pass a resolution describing the project for which the property is retained. The board of county commissioners may rent or lease any lot or parcel retained for a present or future public project.⁴⁰⁸

After a tax deed issued to the county has been recorded, the board of county commissioners must list the property for sale and post the list in the county courthouse.⁴⁰⁹ Tax-deeded property may be sold at public sale by the board of county commissioners. Prior to the 1964 re-enactment of the real property tax statute,⁴¹⁰ sale of tax-deeded property at public sale was mandatory.⁴¹¹ The 2004 amendment again made mandatory the public sale within one year of tax-deeded property that is not retained or leased, except that the board of county commissioners may reject any bid that is less than the value of the property as determined by the assessor.⁴¹² Prior to offering the property for sale, the board must obtain from the assessor a certificate as to the current actual value and the valuation for assessment of the property. A notice of the same must be posted in a public place in the county courthouse at least 30 days before the date of sale, and the notice of sale must also be advertised in two issues of a newspaper of general circulation in the county. The newspaper notices must appear one week apart and within the 30-day period. The notice must reserve the right upon the part of the board to reject any bid that is less than the value determined by the assessor.⁴¹³

The property may be sold at public sale when and if the board receives a bid for any lots or parcels which in the discretion of...