Per Colorado House Bill 24-1056, the Treasurer’s Deed process has changed effective July 1, 2024. Deeds will no longer be automatically issued to the lien holder. The Treasurer’s Deed will be sold through an online public auction to the highest bidder.
The opening bid will be the combined value of the amount owed to the tax lien holder and the treasurer’s fees and costs incurred such as the application deposit. This auction provides an opportunity for the property to be sold at fair market value as determined by bidding.
At the conclusion of the auction, the lien holder will have the option to redeem for the auction purchase price if they would like to take ownership of the property.
The only person(s) who may apply for the option for Treasurer’s Deed is the holder of the Tax Lien Certificate, and the option is only available to real property: at this time manufactured homes are excluded from the process. Legislature is working on a legal process that would address the certificate of ownership process for obtaining title for a manufactured home.
The Treasurer’s Deed will not be issued until all subsequent property tax liens are paid in full.