Column | County treasurer: All about tax sales
Happy New Year to Mohave County!
Thanks to County Assessor Jeanne Kentch for last month’s article explaining the exemption programs available through the Mohave County Assessor’s Office.
Delinquent property taxes have been and continue to be a serious issue in Mohave County. My office will be holding its annual Tax Lien Sale Feb. 3-19, 2021. The auction will be hosted by Real Auction at https://mohave.arizonataxsale.com.
There are several benefits to holding a Tax Lien Sale. Allowing others to pay delinquent taxes through the auction process in exchange for a tax lien relieves all taxpayers countywide of having to make up the difference or suffer reduced services. Because of the competitive bidding process, the property owner often receives a reduced interest rate on delinquent taxes. Lastly, the bidder or investor can earn a higher than market return on investment with a small initial cost per parcel. As you can see, the annual Tax Lien Sale benefits the county, and its taxpayers and investors.
Keep in mind that a Tax Lien Sale is simply offering at public sale the opportunity for someone else to pay delinquent property taxes on the owner’s behalf in exchange for a lien on the property. It is NOT an outright sale of property. If you are interested in purchasing property outright, a Tax Deed Sale is better suited to your needs.
The Board of Supervisors has scheduled its next Tax Deed Sale for March 2021. Over 7,000 parcels are currently slated for auction. In a Tax Deed Sale, the property itself is sold. The highest bidder wins the property and the tax deed legally transfers ownership to the winning bidder. If you plan to participate, the most up-to-date information on the Tax Deed Sale is found on the Clerk of the Board’s website.
As a reminder, the due date for the second installment of property taxes is March 1 and taxes are delinquent after May 3. My office is currently open from 8 a.m. to 5 p.m. Mondays through Fridays. With the continued presence of COVID-19 and recent rise in county cases, I’d like to remind my constituents that property taxes may be paid online, by phone by calling Point and Pay at 855-814-6451, by mail, or in-person at the county building. Payment drop box locations are available 24 hours a day, seven days a week in Bullhead City, Kingman and Lake Havasu City at the below addresses:
– 1130 Hancock St., Bullhead City.
– 700 W. Beale St., Kingman.
– 2001 College Drive, Suite 93, Lake Havasu City.
For more information regarding property taxes, please visit www.mohavecounty.us.
(Cindy Landa Cox is the treasurer of Mohave County.)