How Do You Buy Property Tax Liens In Arizona?
Arizona is a tax lien state. What that means is if property owners do not pay their property tax an investor can pay the tax, and then receive up to 16% interest on their investment. If the property owner fails to repay the investor, the investor can take steps to foreclose on the property. It is possible for the investor to end up owning the real estate, without having to pay off any existing mortgage or liens. Visit the county website. Property tax liens are handled through the various counties. Information on upcoming property lien sales and the procedures to purchase liens are typically listed on the county website. Links to all the Arizona counties are included in resources. Look for the county’s information on tax liens. Sometimes there will be a link on the first page, announcing upcoming tax lien sales. The information might be found in the pages that address the assessor or property tax information. Do your homework. Read our article on tax lien sales for some cautionary notes
