2005 Arizona Revised Statutes - Revised Statutes §42-18303  Auction and sale of land held by state under tax deed; disposition of proceeds

A. After advertisement, pursuant to section 42-18302, the board of supervisors may sell the real property in the county held by the state by tax deed to the highest bidder for cash.

B. On selling the property the board shall execute and deliver to the purchaser, at the purchaser's cost, a deed conveying the title of the state in and to the parcel purchased. The deed shall be acknowledged by the chairman and clerk of the board.

C. The purchase money shall be paid to the county treasurer. After deducting and distributing interest, penalties, fees and costs charged against the parcel, the treasurer shall apportion the remainder to the funds of the various taxing authorities in proportion to their current share of the taxes charged against real property.

D. If the property is not sold before the time for the next succeeding notice of sale, the board may omit it from the notice.