A. Except as provided in subsection B of this section, all taxes bear interest from the time of delinquency at the rate of sixteen percent per year simple until paid. A fraction of a month is counted as a whole month.
B. Interest shall not be collected:
1. If the delinquency is the result of an error by the county assessor or county treasurer.
2. If the full year tax for the year is paid on or before December 31 of the tax year. This paragraph applies regardless of whether payment of tax is due pursuant to section 42-18052, subsections A and B or pursuant to section 42-18052, subsection C for an amount of tax that is $100 or less.
C. Subject to the approval of the county board of supervisors, the county treasurer may waive the interest that accrues pursuant to this section, and any other penalties, for a delinquency that occurs during the one-year period after a mortgage or deed of trust is satisfied or otherwise released on the property. A taxpayer may receive a waiver under this subsection only once per property.
Notes of Decisions
Pinal Vista Props., L.L.C. v. Turnbull, 91 P.3d 1031 (Ariz. Ct. App. 2004).
· cites it 2× “Not only would the Property escape taxation for the years covered by Pinal Vista’s CP, but the State would have to pay a penalty for the exemption in the form of interest to Pinal Vista. As a result, investors would be encouraged to purchase tax hens beyond full cash value, wait…”
Ulan v. Pima Cnty. Bd. of Supervisors, 145 P.3d 650 (Ariz. Ct. App. 2006).
· cites it 8× “¶ 5 The Ulans argue that, under “the plain language of the statutes,” the interest they, as successful bidders, are entitled to charge begins to accrue in the month of a tax sale and that, because “a fraction of a month is counted as a whole month,” § 42-18053, the trial court…”
Leveraged Land Co., LLC v. Hodges, 232 P.3d 756 (Ariz. Ct. App. 2010).
· cites it 2× “See A.R.S. §§ 42-18053(A), 42-18114, 42-18118(A)-(B), 42-18153(A), 42-18155(A).”
Bauza Holdings, L.L.C. v. Primeco, Inc., 18 P.3d 132 (Ariz. Ct. App. 2001).
“§ 42-18114, a successful bidder is the person who pays the whole amount of delinquent taxes, interest, penalties and charges due and who offers to accept the lowest redemption interest rate, which may not exceed the amount set by § 42-18053 — presently 16% per annum. 7 .”
Phoenix Cement v. Yavapai (Ariz. Ct. App. 2015).
· cites it 2× “15 ¶35 The tax court also assessed sixteen percent interest on the taxes arising from the escaped property pursuant to A.R.S. § 42-18053. This statute provides that “all taxes bear interest from the time of delinquency at the rate of sixteen per cent per year simple until paid.”
— Ariz. Rev. Stat. § 42-18053(A) — 2 cases
Ulan v. Pima Cnty. Bd. of Supervisors, 145 P.3d 650 (Ariz. Ct. App. 2006).
“¶ 5 The Ulans argue that, under “the plain language of the statutes,” the interest they, as successful bidders, are entitled to charge begins to accrue in the month of a tax sale and that, because “a fraction of a month is counted as a whole month,” § 42-18053, the trial court…”
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