The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. Redemption may be made by any party having an interest in the lot at any time before the execution and delivery of a deed therefor by paying to the superintendent the amount for which the property was sold and five per cent thereon if paid within three months from the date of sale, ten per cent if paid within six months, twelve per cent if paid within nine months, fifteen per cent if paid within twelve months, or twenty per cent if paid at any time after twelve months.
B. When redemption is made, the superintendent shall note that fact on the duplicate certificate of sale in his office and deposit the amount paid with the treasurer, who shall credit the purchaser named in the certificate of sale with such amount, and pay such sum to the purchaser or his assignee, upon the surrender of the certificate of sale.
C. When the district is the purchaser, the treasurer shall notify the clerk of the redemption, and the clerk shall thereupon cancel the certificate of sale in his office.