The Town of Gypsum requires notice of closing from title companies when transferring ownership of a property within the Town of Gypsum.

The Town of Gypsum currently has a Real Estate Transfer Tax of 1% sale of the property. 

All transfer information must be submitted to the Town of Gypsum at least five (5) business days prior to date of transfer (closing). Please provide notification via email to the Town of Gypsum Public Works Department. 

Failure to comply with these requirements may result in a property not being transferred on the appropriate date.

Closing Date Change

Timely notification to the Town of Gypsum of a canceled and or re-scheduled closing is the responsibility of the Owner/Purchaser Representative (Title Company) of the property.

For cases in which a closing date is canceled or delayed, please notify the Public Works Department at Town of Gypsum at least 24 hours in advance. Timely notification helps avoid inaccurate final billings and completes transfer of service on the appropriate date. Email for Public Works can be found here. 

Transfer of Service Form

You may request a Transfer of Service Form by emailing the Gypsum Public Works Department  or call 970-524-5024.. The Town of Gypsum is to be notified whenever properties are purchased or sold. Title companies will provide the Town of Gypsum with information necessary to transfer water service from the seller to the buyer, including the current owner’s forwarding address and purchaser’s current mailing address. For information regarding a bank owned property, please contact the Town of Gypsum. Email for Public Works can be found here. 

For Property Owners

The title company completes a Transfer of Service form and forwards it to the Town of Gypsum. The Town of Gypsum then estimates the final bill to the title company. The title company escrows that amount from the seller at closing.  If the estimated escrow is under the amount of the final bill, the owner is still responsible for any remaining balance on the account after closing. Any surplus monies collected at closing are refunded to the seller by the title company after the final bill is paid. Final bills are based upon an average utility billing. Unless the Town of Gypsum is notified of a delay in closing, the account is transferred from the seller to the buyer on the date of closing. Sellers are encouraged to call the Town of Gypsum office several business days before the scheduled closing to confirm the closing date and that the title company has contacted the Town of Gypsum. Customers who are not using a local title company need to contact the Town of Gypsum Public Works office for information on transferring water and/or sewer service, bank owned properties, short sales, liens and or any other questions, please email us or call 970-524-5024..

For Property Buyers

Once you close on your new home, please be sure to contact us and let us know your contact information (phone number, email, mailing address). We have several payment options available to our residents. If you are considering paying online via Xpress Bill Pay, this cannot be set up until you receive your first statement.