Online auction website is www.zeusauction.com
2024 Real Estate Tax Lien Sale Information
General Information
The Sedgwick County Tax Lien Sale is scheduled to be held via the Internet, November 7, 2024.
The 2024 auction website is www.zeusauction.com.
For support, Call SRI, Inc. at 1-800-800-9588.
Scheduled Dates
Registration Opens: 8:00 a.m.*, Friday, October 11, 2024
Registration Closes: 4:00 p.m.*, Wednesday, November 6, 2024
Auction Opens: 8:00 a.m.*, Thursday, November 7, 2024
Auction Closes: 4:00 p.m.*, Thursday, November 7, 2024
*All times are Mountain Time
Delinquent Property Tax List
The delinquent property tax list is advertised in The Julesburg Advocate. In addition, the tax liens available for sale will be listed on the auction web site shown above and on this website.
Registration
All potential bidders must register BEFORE the auction. Registration will be online at the auction website. Registration includes the completion of an IRS required W-9 form. Further details of the registration process will be available on the website. WE encourage everyone to register in advance of the auction so you have time to do your research.
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.
Payment Terms
When the auction ends, the high bidders are notified by email. Auction results are also available for anyone to examine for a minimum of five (5) days after the closing. If the high bidder fails to pay according to the terms for each sale, the high bidder will lose their right to the item purchased and will be barred from bidding on this site in all future auctions.
Payment for all winning bids will be made by ACH from the bidder’s account that was used in the registration process. This is the only form of payment accepted.
The bidder is responsible for ensuring that there are sufficient funds in the account that was used in the registration process.
The transfer will be initiated as soon as it is practical to do so following the close of the auction.
Non-payments or payments that are rejected due to lack of funds or other reasons may result in cancelation of the corresponding bid(s) subject to CRS 39-11-116.
Any taxes not sold at the auction are held by the county and are normally available for purchase from the Treasurer’s office. Follow the links at the top of the page for current figures.
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 the certificates sold in 2023 was 15%. The rate of return for the certificates sold in 2024 is15%.
Following the Sale
You will receive a listing or copies showing each tax lien you purchased. The original certificates will be held in our office for safekeeping. If the taxes in ensuing years become delinquent, you will be notified in July and given the opportunity to endorse (pay and add) the taxes to the certificates you hold. You will receive the same interest rate on the 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 month of sale to the month 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.
Bidder Eligibility 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. Sedgwick 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 Sedgwick 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.