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Treasurer's Tax Lien Sale Feb. 21 > Liens, Not Property

Gila County Treasurer Debi Savage and her staff will host the once-a-year Tax Lien Sale on Feb. 21, Thursday morning, in the Board of Supervisors hearing room at the county courthouse in Globe.The list of tax liens was published in Arizona Silver Belt newspaper Feb. 6 and again Feb. 13; and online at

https://www.publicnoticeads.com/az/search/view.asp?T=PN&id=14/2082019_25229157.htm

Tax liens will be sold that morning, not actual property; this annual sale is pursuant to Arizona statute 4218112, sale involves delinquent taxes unpaid during the previous tax year. Buyers are not purchasing the property, only a lien against the property.
A lien conveys no rights to the property.
On Thursday morning Feb. 21 from 8:00-8:45 investors may register for the annual tax lien auction, which begins promptly at 9:00 in the Gila County Board of Supervisors’ hearing room at the County Courthouse in Globe. 

Property owners with unpaid back taxes can pay in full by Feb. 15 to remove your debt from the lien sale, avoiding interest rates that will be determined by winning investors on Feb. 21 -- or eventual foreclosure by the lien-holder.
“Each year we need to repeat: this is not a sale of property,” said Gila County Treasurer Debi Savage. “Investors are not purchasing real estate. What they are doing is stepping-up to pay the county overdue taxes that have gone unpaid by the owner. Investors will hold the lien after the Feb. 21 auction against the property.  A lien conveys no rights to the property, investors may not trespass or build on the property – and should have no contact with the property owner.”

Successful investors must pay the delinquent sub-taxes after June 1, and every year following that, until the property’s owner redeems - or the lien is foreclosed. Unlike traditional auctions where the numbers go up, investors will compete to receive lower interest rates.
The average bid rate was 16-percent one year ago when 25 savvy investors competed for 702 liens on delinquent tax bills during the 2018 tax lien sale. Following the tax lien auction, Gila County Treasurer’s staff contacts property owners, alerts them of tax liens, and the payment required to redeem the lien. Gila County remains the go-between.  Property owners pay the Treasurer’s Office. Only the county can release the lien. “Buying a tax lien is a way for people to invest money in a way that truly benefits our county, helping pay for our school districts, our fire districts, libraries – social services,” said Gila County Treasurer Debi Savage. “And bidders will find quite a variety of properties available to compete for at the sale Feb. 21. Investors should always do their research in advance, I suggest people try to view a property that you’re considering bidding on. When we’re aware of information that affects the value of a particular parcel, such as a roadway, easement, hillside, or canyon - we are upfront with that information. There are hazards such as Bankruptcy, other liens (AHCCCS Liens, that supersede an investor lien). But bear in mind, this is a ‘Buyer Beware’ sale. 

What is Tax Lien Investing?
Tax lien buyers pay the back-taxes owed on a property; and are entitled to collect interest on the taxes if and when the property owner is able to pay off the debt. Left unpaid, the lien-holder can foreclose on the property, three years after the first date of sale.

Why Buy a Tax Lien? 
* Low capital investment - liens range from hundreds of dollars to thousands, inviting a range of investors.
* Rate of return - your winning bid is the interest rate you're willing to accept.
* Payment. if the owner pays the county, then the county pays you. If not, you can proceed with property foreclosure