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Issuance of Treasurer's Deeds

February 4, 2024

HB24-1056

Summary

Under Colorado's current real property tax lien statutes, a county treasurer is required by statute to issue a treasurer's deed for a property encumbered by a tax lien upon the presentation of a certificate of purchase of a tax lien for that property, if the statutory period of redemption and certain conditions are satisfied. Sections 1 to 3 of Bill 24-1056 end this requirement. Section 4 of this Bill establishes a process by which the lawful holder of a certificate of purchase of a tax lien may apply for a public auction for the sale of a certificate of option for treasurer's deed. If, during the public auction, the purchaser of the sale of a certificate of option for treasurer's deed pays an amount in excess of the value of the tax lien, then the amount of the overbid must be paid in order of recording priority to junior lienors who have filed a notice of intent to redeem. The owner of the property subject to the tax lien is entitled to any remaining overbid amount. This Bill was introduced to bring Colorado law into compliance with Tyler v. Hennepin Cty., 598 U.S. 631 (2023).

Legislative Updates

[Hearing: February 22 in Room 0112]

  • 2024-02-22 / Introduced
    House Committee on Finance Refer Amended to House Committee of the Whole
  • 2024-01-10 / Introduced
    Introduced In House - Assigned to Finance

This content is updated every Thursday, but is not a comprehensive list of updates. If you have questions regarding a specific piece of legislation, please contact DGS partner, Sarah Kellner.

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