AZ
The investor buys a lien on the property. The owner keeps title and can redeem by paying the lien plus interest or penalty.
Sale type
Tax lien
Redemption
36 mo
Interest / penalty
Bid-down · 16%
Sale timing
Annual
Rules in plain English
Sale type
Tax lien
The investor buys a lien on the property. The owner keeps title and can redeem by paying the lien plus interest or penalty.
A.R.S. 42-18114
“A real property tax lien shall be sold pursuant to this article to the person who pays the whole amount of delinquent taxes”official source ↗
Redemption period
36 mo
36 months (3 years) from the sale date
Interest / penalty
Bid-down · 16%
Bidding starts at a maximum rate of 16% per year and goes down.
A.R.S. 42-18053
“all taxes bear interest from the time of delinquency at the rate of sixteen percent per year simple until paid”official source ↗
Bid method
Bid down the interest rate
Bidders compete by offering the lowest interest rate rather than the highest price.
A.R.S. 42-18114
“offers to accept the lowest rate of interest on the amount so paid to redeem the property from the sale”official source ↗
Sale schedule
Annual
Sales are held about once a year.
Redemption detail
- Base period
- 36 months (3 years)
- Starts from
- the sale date
- Notice days
- Not documented
- Exceptions
- Not documented
Bidder process
- 01The county treasurer holds the tax lien sale in February and continues it from day to day, Sundays and holidays excluded, until each parcel has been offered and no more bids are made (42-18112)
- 02The lien is sold to the person who pays the whole amount of delinquent taxes, interest, penalties, and charges due and who also offers to accept the lowest rate of interest on the amount paid to redeem the property (42-18114)
- 03The purchaser pays the purchase price in cash within fifteen days after the close of the sale (42-18116(A))
- 04The purchaser pays a processing fee of not more than $10 per tax lien (42-18116(C))
- 05A purchaser who fails to pay may be resold, pursued by civil action, or barred from purchasing liens in any Arizona county for up to one year (42-18116(B))
- Registration
- Not documented
- Registration mode
- Not documented
- Registration deadline
- Not documented
- Registration fee
- Not documented
- Deposit required
- Not documented
- Deposit amount
- Not documented
- Deposit percent
- Not documented
- Deposit refundable
- Not documented
- Sale format
- in_person
- Payment deadline
- within fifteen days after the close of the sale
- Payment methods
- cash
- Residency required
- Not documented
A.R.S. 42-18112
“The county treasurer shall continue the sale from day to day, Sundays and holidays excluded, until the tax lien on each parcel has been offered for sale and no more bids are offered by purchasers.”official source ↗
A.R.S. 42-18114
“A real property tax lien shall be sold pursuant to this article to the person who pays the whole amount of delinquent taxes, interest, penalties and charges due on the property, and who in addition offers to accept the lowest rate of interest on the amount so paid to redeem the property from the sale, which may not exceed the rate prescribed by, and computed pursuant to, section 42-18053.”official source ↗
A.R.S. 42-18116
“The purchaser of a tax lien shall pay the purchase price in cash at a time the county treasurer determines but within fifteen days after the close of the sale.”official source ↗
A.R.S. 42-18116
“The purchaser shall pay a processing fee of not more than $10 per tax lien.”official source ↗
Notes
Prose: lien | 16% per year simple | 3 years | bid down to lowest rate of interest (not to exceed 16%) | February