Understanding How Santa Cruz County, Arizona, Conducts Tax Sales

Santa Cruz County, Arizona, conducts tax lien sales to recover unpaid property taxes and return properties to the tax rolls. Managed by the Treasurer’s Office, these sales provide opportunities for investors to purchase tax liens on delinquent properties. Here’s a detailed overview of the process:

Tax Lien Sales

Annual Auction

The Santa Cruz County Treasurer’s Office holds an annual tax lien sale, typically in February. Check out our Auction Calendar for scheduled auctions

Location and Time

Sales are conducted at 2150 N Congress Dr., Nogales, AZ, in Room 120. Registration typically occurs from 8:00 a.m. to 9:00 a.m., with the sale commencing at 9:00 a.m. and continuing until all parcels are offered.

Lien Purchase

During the tax lien sale, investors purchase liens on properties with delinquent taxes. By doing so, they pay the owed taxes on behalf of the property owner. The owner must repay the lien amount plus interest to clear the lien.

Interest Rates

Arizona uses a “bid down the interest” system, where investors compete by accepting lower interest rates on the lien, starting from a maximum rate set by the state.

Redemption Period

Property owners have a redemption period to repay the owed amount plus interest to the lien holder. If the owner fails to redeem the property within this period, the lien holder may initiate foreclosure proceedings to gain ownership.

Registration and Participation

Registration:

Prospective bidders must complete an investor information form and an IRS W-9 form before the sale.

These forms can be filled out in advance or on the day of the sale during registration hours.

Payment Methods:

First-time bidders are required to pay via certified funds, such as cash, money orders, or cashier’s checks.

Returning bidders may have the option to pay via debit or credit cards, though processing fees may apply.

Santa Cruz County Courthouse Arizona

Important Considerations

As-Is Sale: The county sells tax liens “as-is” without warranties regarding the property’s condition, title, or location. Prospective buyers are strongly encouraged to examine the property’s title, location, and desirability beforehand.

Due Diligence: Thorough research is vital before participating in the sale to understand the risks and responsibilities involved.

Legal Implications: Investors should consult legal counsel for complex cases, especially if they intend to foreclose on a property after the redemption period expires.

Steps to Participate

Prepare:

Review the list of available properties and perform due diligence.

Complete the necessary registration forms (Investor Information Form and IRS W-9).

Register:

Attend the sale’s registration period from 8:00 a.m. to 9:00 a.m. on the day of the auction.

Bid:

Participate in the “bid down the interest” auction to secure liens on desired properties.

Complete Payment:

Pay the required amount using the accepted payment methods.

Useful Links

Santa Cruz County’s tax lien sale offers a unique opportunity for investors to earn interest while assisting the county in recovering unpaid taxes. However, understanding the process, risks, and responsibilities is crucial for success. Whether you’re a seasoned investor or a first-time participant, preparation and due diligence can make all the difference.

Need Assistance?

Check out our Auction calendar for upcoming auctions. Don’t miss out on the upcoming tax sale! If you need more guidance or have questions about participating in tax sales, Don’t hesitate to consider booking a Call Now to connect with an expert who can help you navigate the process. You can also check out our free resources to find answers to your questions and provide tips for making informed investments

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