2013 Arizona Revised Statutes
Title 42 - Taxation
§ 42-18116 Payment; resale or recovery on reneged bid; processing fee


AZ Rev Stat § 42-18116 (through 1st Reg Sess 51st Leg. 2013) What's This?

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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