Arizona § 48-530 Redemption of property

Arizona Statutes

§ 48-530 — Redemption of property

Arizona § 48-530

Title 48Arizona Revised Statutes

Ch. 4MUNICIPAL IMPROVEMENT DISTRICTS

Art. 1Opening, Widening and Closing Public Ways

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Bluebook

Ariz. Rev. Stat. Ann. § 48-530 (2026).

Text

A.Redemption of a parcel of property sold for delinquent assessment may be made by any party in interest, at any time prior to the execution and delivery of a deed therefor, by paying to the street superintendent the amount for which the property was sold, and interest thereon from the date of sale at the rate of ten per cent per annum if paid within twelve months, or fifteen per cent if paid thereafter.

B.When redemption is made, the street superintendent shall note that fact on the duplicate certificate of sale in his office, and deposit the amount paid with the city or town treasurer, who shall credit the purchaser named in the certificate of sale with the amount, and pay such amount to the purchaser, or his assignee, upon surrender of the certificate of sale.

C.When the municipali

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A. Redemption of a parcel of property sold for delinquent assessment may be made by any party in interest, at any time prior to the execution and delivery of a deed therefor, by paying to the street superintendent the amount for which the property was sold, and interest thereon from the date of sale at the rate of ten per cent per annum if paid within twelve months, or fifteen per cent if paid thereafter.

B. When redemption is made, the street superintendent shall note that fact on the duplicate certificate of sale in his office, and deposit the amount paid with the city or town treasurer, who shall credit the purchaser named in the certificate of sale with the amount, and pay such amount to the purchaser, or his assignee, upon surrender of the certificate of sale.

C. When the municipality is the purchaser, the treasurer shall notify the clerk of the redemption, and the clerk shall cancel the certificate of sale on file in his office.