Morgan County Treasurer and Public Trustee

Tax Lien Sale General Information

Internet Tax Lien Auction Link

County Held Certificates Available For Sale • Tax Lien Sale Statistics • Tax Deed Listing
Property Acquired by the County By Tax Deed • Manufactured Housing Tax Lien Sale Information

2011 Real Estate Tax Lien Sale Information

The Morgan County Tax Lien Sale was held via the Internet starting November 9, 2011 and ending December 8, 2011 at http://www.morgantaxsale.com

Auction Format

 The web site opened for registration and bidding officially began on November 9, 2011.   The auction rules and procedures were posted on the auction web site.  The auction ended December 8, 2011 at 3:00 PM MT.

The auction was administered by RealAuction.  Questions or comments regarding the sale should be directed to RealAuction at 877-361-7325 or by e-mail at customerservice@realauction.com.

Delinquent Property Tax List

The delinquent property tax list was advertised November 9, 16 & 23, 2011 in The Brush News Tribune.  In addition, the tax liens available for sale were shown on the auction web site shown above.  The list was also available on this website.

Registration

All potential bidders must have registered before December 8, 2011, the official start of the sale. Registration was made “on line” at www.morgantaxsale.com.  The registration included the completion of an IRS required W-9 form. Further details of the registration process are available on the website.  We encouraged everyone to register as soon as the delinquent property tax list was available as they could then research the properties and make a determination of a bid.

Internet Training Sessions

Live "webinar" training classes were held via the Internet on the dates and times listed below. The classes generally lasted about ninety (90) minutes, covered use of the software only and were free of charge. Attendance was by registration only. Please contact the Realauction Customer Service Center at (877) 361-7325 in advance to register for future training classes

In addition to the webinar classes, Realauction offers a fully functional "practice" site at www.coloradotaxsale.com that you can use to familiarize yourself with the online auction process.  The practice auctions are held every day and close at 2:00 PM MT.

Premium Bids

The investor offering the highest premium purchases the tax. Premium bids will be in $1.00 increments. Please note that any premiums will not be refunded.

County Held Liens

Any taxes not sold at the sale are held by the county and are normally available for purchase from the treasurer's office.

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 2011 was10%.

Following the Sale

You will receive a listing showing 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 from the day of sale to the date 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.

General Information 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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2011 Manufactured Housing Tax Lien Sale Information

DATE AND TIME:  The date for the 2011 real estate tax lien sale was December 8, 2011 at 2:00 p.m.

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

ADVERTISEMENT OF SALE:  The list of taxes was advertised November 30, 2011, 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.

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 2011 was 10%.

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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Tax Lien Sale Statistics

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