November 16, 1999

CHEYENNE COUNTY

TAX LIEN SALE INFORMATI= ON

Interest Rate for tax l= ien sale is 10%

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Any purchase of a tax lien is done at the purchaser’s own risk. The purchaser assumes t= he responsibility of determining the status of any property offered at tax lien sale.

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The purchase of unpaid taxes attaches a lien against the property at = the specified annual rate of interest until redeemed. The property transfers ownership through Treasurer’s Deed action. The owner of the property may redeem up to the time that = the Treasurer’s Deed issues.

Three years from the date of the tax lien sale you may apply for a Treasurer’s Deed provided that all taxes to date have been paid and no redemption has been made. A deposit will be required as follows= :

&nb= sp; $100.00 for property with the assessed value of less than $500

&nb= sp; $300.00 for property with the assessed value of $500 or more

If no action is taken the certificate of purchase is cancelled after = 15 years.

County off= icials and employees may not acquire land by tax lien sale, as stated in CRS 39-11-151(1):

No propert= y for which a tax lien is sold for delinquent taxes under this article shall be conveyed to an elected or appointed county official, to a county employee o= r to a member of the immediate family of any such person or to the agent of any = such county official or employee, if the tax lien on such property is sold during the time of the official or employee holds office or is employed.

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In the eve= nt of land wrongfully sold, the redemption interest will be based on the reduced statutory rate CRS 39-12-111 =

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The Tax Li= en Sale is open for three days. If the property has not been sold within this time, it will be “struck off” to Cheyenne County, and a Tax Lien Sale Certificate will be issu= ed to Cheyenne County.

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Real Estat= e is subject to outstanding Mineral Reservations of record.

This offic= e has no record of the duration of the Mineral Reservation.

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If the sur= face owner has exercised his “right of first refusal” and wishes to purchase the mineral reservation, no further bids may be made and the certificate will be issued to the surface owner.

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THE bid must be at least the total amount advertised. Bids may be raised, but if you choose to bid more than the amount advertise= d, the excess bid will not be refunded to you in case of redemption nor will y= ou receive interest on this excess amount. excess bids must be in $1.00 increments.<= /span>

The Origin= al Certificate of Purchase will be held in our vault.&nbs= p; This should allow for quicker payment of redemption amounts to the certificate holder. We will m= ail a list of your certificates for your file.&n= bsp;

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Subsequent= taxes must be sub-endorsed after June 15^th of each year for a period of three more years. This office will notify you of the amount due.