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CO SB097
Bill
AI Summary
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Requires mobile homes to be sold at public auction with a fixed fair minimum price that includes taxes, delinquent interest, and seizure and advertising costs, rather than allowing alternative sale methods.
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Mandates that any surplus proceeds from the public auction or subsequent county sale must be paid to the owner or other person with a legal right to the proceeds, instead of being credited to the county general fund.
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Extends the redemption period for mobile home owners whose homes are located on leased land or land not owned by the owner from one year to two years after the tax sale date.
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Requires the treasurer to notify the owner and any lienholders at least 30 days before the redemption period closes, using personal delivery or certified/registered mail.
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Takes effect 12:01 a.m. the day after the 90-day period following final adjournment of the general assembly, unless subject to a referendum petition filed by November 2024.
Legislative Description
Property Tax Distraint Sale Mobile Home
Fiscal Policy & Taxes
Last Action
Senate Committee on Local Government & Housing Postpone Indefinitely
2/29/2024