Arizona Laws 48-548. Sale of delinquent property; right of redemption; deed to purchaser; purchase by municipality
A. The sale shall be conducted as nearly as possible as are sales of property for delinquent assessments and as proceedings subsequent thereto are conducted under this article so that the rights of the purchaser shall vest in the purchaser and redemption from the sale may be made to the treasurer. If the property is not redeemed, a deed shall issue to the purchaser in like manner and effect as sales for delinquent assessments.
Terms Used In Arizona Laws 48-548
- city: includes counties, incorporated cities and towns and other corporations organized for municipal purposes. See Arizona Laws 48-501
- council: includes any body or board in which is vested by law the legislative power of a municipality. See Arizona Laws 48-501
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Improvement: includes all the improvements mentioned in this article, and the term or terms "street opening or widening" and "opening or widening" include all improvements mentioned in this article. See Arizona Laws 48-501
- Lien: A claim against real or personal property in satisfaction of a debt.
- Lot: includes any portion, piece, parcel or subdivision of land, and includes property owned or controlled by any person as a railroad right-of-way. See Arizona Laws 48-571
- Property: includes both real and personal property. See Arizona Laws 1-215
- Treasurer: includes any person who, under whatever official name, is the custodian of the funds of the city or town. See Arizona Laws 48-571
B. If there is no purchaser for any lot, piece or parcel of land offered for sale, it shall be struck off to the municipality, as purchaser, and the city or town council shall appropriate from the general fund of the treasury the amount required for the purchase and shall order the treasurer to place the amount in the special fund for such improvement. Thereafter the lien of the assessment shall not be extinguished for nonpayment of general taxes or prior special assessments and the annual installments of principal and interest of the assessment shall constitute a first lien on the respective lot, piece or parcel of land, coequal with the lien for general taxes. If the lien has not been extinguished prior to the property being stricken off to the state, such lien shall extinguish upon sale of the property pursuant to Title 42, Chapter 18, Article 7 and the municipality shall share pro rata in the proceeds of such sale to the extent of the delinquent assessments.