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ARIZONA HOUSE OF REPRESENTATIVESFifty-fourth Legislature Second Regular Session |
Senate:
FIN DP
9-0-1-0
| 3rd Read: 30-0-0-0
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SB 1099: tax deed land sales; proceeds
Sponsor: Senator Mesnard, LD 17
House Engrossed
Overview
Requires county treasurers to pay any excess proceeds from a tax deeded real property sale to the former property owner.
History
Current statute directs each county board of supervisors to annually prepare a list of tax deeded real property in the respective county. The list must include:
1) A full description of each parcel;
2) The name of the former owner, if known; and
3) The total amount of taxes, interest, penalties, fees and costs, including the unpaid charges of a county treasurer and recorder (A.R.S. § 42-18301).
Each county board of supervisors must advertise tax deeded real property prior to a public sale (A.R.S § 42-18302).
A county board of supervisors may sell tax deeded real property to the highest bidder for cash, with exceptions. County treasurers receive all proceeds from tax deeded real property sales. After deduction and distribution of interest, penalties, fees and costs against the parcel, county treasurers must allocate all remaining proceeds to various taxing authorities based on their proportionate share of taxes charged against real property (A.R.S. § 42-18303)
Provisions
1. Requires county treasurers to pay any balance remaining, from a tax deeded real property sale after payment of taxes, interest, penalties, fees and costs, to the property owner who was dispossessed by the sale. (Sec. 1)
2.
Makes technical
changes. 
(Sec. 1)
Committee of the Whole
1. Passed without Ways & Means Committee amendment.
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SB 1099
Initials VP Page 0 House Engrossed
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