Arizona

Sale Date February
Applicable Law Statute Sections:42-312,390,393,410,451,462
Bid System Bid Down
Statutory Interest Rate 16%
Redemption Period (Months) 36 months if judical foreclosure. 60 months if nonjudical foreclosure.
Interest accrues Monthly
Can pay subs? Yes
Interest Rate for Subs Bid Interest. No interest for the month when subs are paid.
Statutory Fees Refundable with Bid Interest
Treasurer processing fee $10 not refundable
Frequency of property taxes 1 Oct, 1March
Tax Lien Expiration 10 years after the last day of the month in which the lien was acquired.