Mark Czelusta
Post count: 4


1. This is problematic in remote/rural areas, where the cost of clean-up could exceed the market value of the property. Example: In Teller County we have 2 former Gold District mining towns, one of them is Victor. I just recently signed a TD on a vacant lot in Victor. This lot has a market value of about $1,800.00 (yes…eighteen hundred.) The City of Victor levied a $7,800 lien on the property for clean up. If this lien had survived the TD, it is conceivable that the associated tax lien would not have sold at the annual TLS…as my investors do their homework. So…the tax lien enters the county held list, where it sits for 30 years, when a BOCC in the future cancels the tax lien, thereby denying (possibly) the municipality revenue not only from the municipal lien (that will never get paid), but also the property tax revenue.

2. If the municipality does its homework and keeps track of things…it can convert the municipal lien to a special assessment…if it makes sense vis-a-vis the market value. This is a capability under CRS 31-20-105.