2013 Arizona Revised Statutes
Title 42 - Taxation
§ 42-18153 Amount required for redemption; elderly assistance fund deposit


AZ Rev Stat § 42-18153 (through 1st Reg Sess 51st Leg. 2013) What's This?

42-18153. Amount required for redemption; elderly assistance fund deposit

A. To redeem a real property tax lien a person must pay to the county treasurer:

1. The amount for which the real property tax lien was sold, with interest at the rate stated in the certificate of purchase.

2. The amount of all taxes accruing on the real property after the sale and paid by the purchaser and endorsed on the certificate of purchase, with interest on the subsequent taxes at the same rate as stated in the certificate of purchase.

3. Any statutory fees paid by the purchaser or the purchaser's assigns in connection with the certificate, except the processing fee imposed by section 42-18116, subsection C, with interest at the rate stated in the certificate of purchase except as otherwise provided by this chapter.

B. To redeem a real property tax lien in a county that has established an elderly assistance fund a person shall pay to the county treasurer:

1. The amount for which the real property tax lien was sold, with interest at the rate prescribed by section 42-18053.

2. The amount of all taxes accruing on the real property after the sale and paid by the purchaser and endorsed on the certificate of purchase, with interest on the subsequent taxes at the same rate prescribed by section 42-18053.

3. Any statutory fees paid by the purchaser or the purchaser's assigns in connection with the certificate, except the processing fee imposed by section 42-18116, subsection C, with interest at the rate prescribed by section 42-18053 except as otherwise provided by this chapter.

C. After a real property tax lien is redeemed under subsection B of this section, and if an elderly assistance fund is established in the county pursuant to section 42-17401, the county treasurer shall deposit an amount in the elderly assistance fund that is equal to the difference in the amount of interest prescribed by section 42-18053 and the amount of interest stated in the certificate of purchase.

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