Rules of the Auction
This page serves as a list of general rules for Colorado GovEase auctions. Different states utilizing GovEase may have different rules for auctions.
- After registration, you will need to call the county to inform them of the dollar amount you want to be approved for. The county tax office will be the one to grant approval to bid. To learn how to get registered, please view our Creating an Account and Registration article.
- Bidding on each parcel will begin at the 'taxes owed / face value' and continue in a 'bid up / overbid' manner until the auction reaches an end.
- You are responsible for paying the 'taxes owed / face value' as well as the 'overbid amount' (face value+overbid=total due).
- There are two ways to bid during the live auction:
- Place Bid - Enter the maximum overbid you would like to place on each parcel.
- +$5 Quick Bid - Clicking this button will automatically add the stated bidding increment amount (usually $5) to the current winning overbid.
- You will only enter the overbid (or excess bid) for the parcel on which you are bidding. It is understood that the ‘taxes owed / face value’ will be added to your winning overbid (or excess bid) as the total amount due to the county, should you win that parcel.
- To place a bid for the exact face value amount with no overbid, you will enter “0” (zero) for your bid.
- You may enter a Max Overbid at any time after the parcels have been loaded into the “Auctions” page and pre-bidding has been enabled. This will register the maximum amount you wish to overbid for the parcel and will automatically bid in increments as set by the county (see table below) over the next highest overbid up to your Max Overbid amount.
- The bid clock will reset to 10 seconds each time a bid is placed within the last 10 seconds of that auction. Once bids cease and time has expired, the auction will close.
- Ties are broken by selecting the first person to enter the bid. This includes Max Overbid entries prior to the live auctions beginning.
- All parcels should be fully researched by the bidder prior to the auction beginning. Neither GovEase nor the county tax office can offer investment advice. Should you have specific investment questions, it is recommended that you seek the advice of a competent legal professional.
- All third-party images obtained and provided by GovEase may not be 100% accurate. Any parcel without a valid address will show a default view and will not represent the actual property. It is the bidder’s responsibility to carefully research each parcel on which they intend to bid.
- The county tax office has the right to re-bid or remove a parcel at any time during or after the auction if they so choose. This is at the sole discretion of the county tax office.
The list of Colorado counties below shows the minimum bid increment. Please note, that the minimum bid increment for Logan and Washington counties will vary on a parcel-by-parcel basis depending on the face value of the parcel.
County |
Minimum Bid Increment |
Baca | $1.00 |
Bent | $1.00 |
Lincoln | $1.00 |
Logan | $1.00 if face value ≤ $1000.00, $5.00 if face value is > $1000.00 |
Montezuma | $1.00 |
San Miguel | $5.00 |
Prowers | $1.00 |
Washington | $1.00 if face value ≤ $1000.00, $5.00 if face value is > $1000.00 |