The collection of real estate taxes for properties located in Window Rock Arizona is a major priority for the Apache County Arizona Tax Collector. Real estate taxes fund local services such as public education, police protection and medical services.
Delinquent property taxes create a serious cash-flow problem for Apache County Arizona. If Apache County Arizona is unable to collect property taxes, they are also unable to fund important government services like police protection, public schooling, and emergency medical services.
Without the tax revenue generated from real estate located in Window Rock Arizona, Apache County Arizona would literally go bankrupt.
To solve this cash-flow problem, Apache County Arizona allows investors to come in and pay off a portion of these delinquent property taxes.
In return, Apache County Arizona gives investors Arizona tax lien certificates. A tax lien certificate is a document indicating ownership of a real estate tax lien. A tax lien is simply a claim for taxes.
A Arizona tax lien certificate transfers all the rights that come with being the owner of the real estate tax lien from Apache County Arizona to the investor.
When purchasers buy tax lien certificates in Arizona, they are paying someone else's delinquent property taxes. What's more, Arizona actually gives purchasers the right to receive all of the tax money due - including fees, interest, and/or penalties.
To encourage delinquent owners to pay their past-due property taxes, the state of Arizona charges up to 16% per annum on the amount paid to satisfy the delinquent taxes, which is passed directly to the tax lien certificate purchaser.
The sale of tax lien certificates is a solution to a complex problem Apache County Arizona recovers lost revenue needed to fund local services, the property owner gets more time to satisfy their delinquent property tax bill and the purchaser receives a tax lien certificate which is real estate secured and offers up to 16% per annum mandated by Arizona law.
For "risk-sensitive" investors Arizona tax lien certificates are an attractive alternative to traditional investments choices. With tax lien certificates, purchasers are investing their money with Apache County Arizona and when the Apache County Arizona Tax Collector collects the past due taxes, they send purchasers a check, returning what they paid to purchase the Arizona tax lien certificate plus applicable penalties, interest, and/or late fees.
Arizona tax lien certificates are attractive in several ways. First, the rise and fall of interest rates has no effect on Arizona tax lien certificates. Unlike the stock market, interest rates on Arizona tax lien certificates are mandated by Arizona law.
In addition, Arizona tax lien certificates are secured by real estate. So if purchasers do not receive what they paid to purchase the Arizona tax lien certificate plus interest and/or penalties within the law mandated redemption period, the purchaser acquires title to the property free and clear of all liens created prior to the sale.
So in review, there are generally two outcomes with the purchase of a tax lien certificate; the purchaser will either receive what was paid to satisfy the delinquent property taxes PLUS up to 16% per annum, or Apache County Arizona has the legal right to transfer them the property - often with no mortgage!
Once they own the property they can do whatever they like; sell it, rent it for monthly cash-flow, even move in (often with no mortgage payment).
As with any investment, there is always an element of risk. Even if the tax sale process is written into Arizona law, mandated by Arizona law, and regulated by Arizona law, there is still a chance of purchasers incurring substantial loss. It is recommended that anyone considering buying a tax lien or tax foreclosure property consult properly licensed legal and accounting professionals.
Below you will find a collection of the latest user questions and comments relating to Tax Lien Certificates on tax-delinquent property located in Window Rock Arizona.
The following is a list of counties located in the state of Arizona. Tax Lien Certificates for properties located in the following counties are sold at Arizona county tax sales.
Learn more about each county's individual tax sale process by clicking on the name of the county for which you are interested from the list below:
|County / Municipality:||Population:|
|Apache County, AZ||69,423|
|Cochise County, AZ||117,755|
|Coconino County, AZ||116,320|
|Gila County, AZ||51,335|
|Graham County, AZ||33,489|
|Greenlee County, AZ||8,547|
|La Paz County, AZ||19,715|
|Maricopa County, AZ||3,072,149|
|Mohave County, AZ||155,032|
|Navajo County, AZ||97,470|
|Pima County, AZ||843,746|
|Pinal County, AZ||179,727|
|Santa Cruz County, AZ||38,381|
|Yavapai County, AZ||167,517|
|Yuma County, AZ||160,026|
Reference for all fifty (50) states detailing tax sale type (lien, deed, hybrid), interest rate, penalty rate, redemption period, and more.
Simply enter your name and e-mail address to get free instant access to this powerful "Tax Sale Cheat Sheet".