2010 Arizona Revised Statutes
Title 42 - Taxation
42-18116 Payment; resale or recovery on reneged bid; processing fee
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42-18116. Payment; resale or recovery on reneged bid; processing fee A. The purchaser of a tax lien shall pay the purchase price in cash at the time of sale. B. If the purchaser fails to pay the amount due: 1. The county treasurer shall resell the tax lien if the sale has not been closed. 2. If the sale has been closed, the treasurer may either: (a) Advertise it specially in the manner provided for publishing and posting the original list and notice pursuant to section 42-18109. (b) Recover the amount bid by civil action in a court of competent jurisdiction. C. The purchaser shall pay a processing fee of not more than ten dollars per tax lien. The treasurer shall deposit monies collected pursuant to this subsection in the taxpayers' information fund established by section 11-495. |
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