Arizona Tax Sale Properties - Government Tax Sale Property Course

Arizona Statutes Read:

A. All taxes assessed and levied under this chapter shall become due and delinquent and shall become a lien on the real property assessed at the same time as general county taxes.

B. All provisions of the general revenue laws of the state providing for assessing, levying and collecting taxes on real estate for county purposes shall be applicable to the assessment, levy and collection of taxes for the purposes of this chapter, if applicable, including all remedies of such revenue laws for collecting delinquent taxes and provisions relating to sales of real property for delinquent taxes.

C. At any sale of taxable property in the district for delinquent taxes, including lands held by a certificate of sale from the state land department, the district may become the purchaser thereof and hold title thereto with the same rights and powers as individuals. The board of directors of the district may provide district funds for such purchases and lease, sell, assign or otherwise dispose of the property so acquired for not less than an amount equal to the amount paid for the property, together with interest at the rate of six per cent a year from the date of purchase, and an amount equal to the pro rata of current taxes for district purposes during the period of ownership.

D. If property so acquired by the district at tax sale has not been disposed of, then on petition of five qualified electors of the district the question of selling lands so held and unsold on other and different terms and conditions shall be submitted to the qualified electors of the district at the next regular election of the district, and the board of directors may then sell the lands upon the terms and conditions authorized at the election.

Interest Rate: 16% per year. Furthermore, Except as provided in subsection B, all taxes bear interest from the time of delinquency at the rate of sixteen per cent per year simple until paid. A fraction of a month is counted as a whole month. B. Interest shall not be collected: 1. If the delinquency is the result of an error by the county assessor or county treasurer. 2. If the full year tax for the year is paid on or before December 31 of the tax year.

Auction Type: Tax Lien Certificate. Specifically, the county treasurer shall make, execute and deliver a certificate of purchase to each purchaser at the sale for delinquent taxes or to each assignee.

Bidding Procedure: Bidder lowers the interest rate. 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.

Costs: The county treasurer shall collect from the purchaser or assignee a fee of 10 fee per parcel for delivery of deed. At the time of applying for a treasurer's deed, the purchaser or the purchaser's assigns shall pay to the county treasurer a fee of five dollars and the estimated costs of the title search, of publishing notice, of mailing notice and of posting notice on the property as provided by this article.

Redemption Period: Within 3 years after the date of the sale. At any time beginning three years after the sale of a tax lien but not later than ten years after the last day of the month in which the lien was acquired, if the lien is not redeemed, the purchaser or the purchaser's heirs or assigns, or the state if it is the assignee, may bring an action in superior court in the county in which the real property is located to foreclose the right to redeem. A real property tax lien may be redeemed at any time after three years but before the delivery of a treasurer's deed to the purchaser or the purchaser's heirs or assigns.

� * The publisher reserves the right to increase the price without further notice.

Your first successful tax lien purchase will leave you feeling on top of the world and you'll sense growing confidence with a feeling of invicibility. The emotions running through your mind are going to be indescribable.

Emotions can be a motivating factor when purchasing tax lien certificates. Especially when you learn that a few of your certificates have been converted into free-and-clear properties.

Imagine how good you'll feel when you are able to quit your job and spend quality time with your loved ones. Don't think for one minute that this is just pie-in-the-sky wishing. Many of our former students are already living lifestyles that most people only dream about. It may seem impossible at the moment, but the instructions that we have put in this study course are easy to learn and work like magic!

Once you are able to take control of your own future, you may want to give us a big smooch too!

As you know there are two ways to reach your financial destination, the long, painful and costly way - or the short, easy, and effective way. Applied knowledge is power, take what you've learned and apply it. Otherwise, it all has been a waste of time.

The Ultra Rich have been Investing in Tax Liens and Tax Deeds for Years, Now it's Your Turn!