"We had hoped that he would agree that based on the evidence, that the collector had not done what the Court Of Appeals had ordered and permitted my clients to go to the
tax sale despite the fact that they qualified under the statute," Sternberg said.
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Pappas initiated a platform on her cookcountytreasurer.com website for property owners to check the status of their tax bills and has an outreach program with other elected officials to remind property owners about the
tax sale.
Without question, Colorado has the greatest interest in the litigation: the property is located in Colorado, the
tax sale was conducted for failure to pay Colorado taxes, most of the agreements related to the property were executed in Colorado, and there has been extensive litigation in Colorado courts to determine the owner of the property." [Slip op.
The low number of properties sold at
tax sales can be attributed, in part, to the artificially high starting bids because the large amount of taxes owed was typically higher than people were willing to pay.
When a
tax sale lien sells, the government immediately recovers from the buyer an amount equal to the delinquent taxes owed.
"It's been very successful in other jurisdictions," Anfang said, "and we've been in touch with officials in Chicago." A recent
tax sale in Cook County (Chicago), Illinois generated $53 million, and of 90,000 to 100,000 properties auctioned each year year, 35 percent are sold.
The decision comes in the wake of a large
tax sale hosted by Bid4Assets in April of 2017 for Riverside County.
In the case before the court, Lowe's nonpayment of property taxes for 1991 resulted in a
tax sale in 1993.
O'Neill asked, "Can one cent make the difference between a valid tender, and an invalid tender, in relation to a municipal
tax sale conducted under the Municipal
Tax Sales Rules?" He ruled that one cent indeed makes a difference, stating "There can be no disputing the fact that 20 percent of $21,100.99 equals $4,220.198 cents.