Explore Mohave County, Arizona Tax Liens

Looking to start investing in tax liens? Consider Mohave County, Arizona. You can purchase tax liens at great prices and earn potential returns of up to 16%. This article will explain how you can make impressive returns on your investment by buying property for as little as $500.

Understanding Tax Liens in Mohave County

What is a Tax Lien?

In Mohave County, a tax lien sale allows investors to pay overdue property taxes for property owners in exchange for a lien on the property. This doesn’t mean the property is sold outright. Instead, it’s an opportunity for investors to help the county recover lost revenue and earn a return on their investment.

How It Works

• Tax Lien Certificates: Issued for properties with delinquent taxes of two years or more. These can yield up to a 16% interest rate.
• Registration: Annual registration is mandatory. Register on the County website.
• Parcel List: Available towards the end of January on the County website and in the ‘Kingman Daily Miner’ newspaper.
• Fees: A $10 non-refundable processing fee per certificate, plus a $5 fee for each parcel won through Real Auction.

Steps to Invest in Mohave County Tax Liens

1. Register Online

Visit the Mohave County Treasurer’s website and navigate to the Tax Liens section. Register for the current year’s sale to participate in the auction.

2. Research Properties

Before investing, research the properties thoroughly. Check the parcel list for details, inspect property conditions, and verify any title issues.

3. Participate in the Auction

The auction usually takes place in February. Bids are placed on the interest rate, starting from 16% and can go lower. Remember, all purchases at the auction are final.

4. Explore Over-the-Counter (OTC) Liens

OTC liens are those not sold at auction and can be purchased directly from the county. These can be valuable investments if researched properly. Always investigate why these liens went unsold to avoid potential pitfalls.

Pro Tips for Mohave County Tax Lien Investing

• Do Your Homework: Thoroughly research each property. Use the property number to check conditions and title defects.

• Understand the Risks: Some properties may have issues that cause them to be overlooked during the auction.

• Look for Hidden Opportunities: OTC liens might offer lucrative deals that others missed during the auction frenzy.

Interesting Facts About Mohave County Real Estate

• Geography: The second largest county in Arizona is mostly deserted, with significant water bodies like the Colorado River, Lake Mohave, and Lake Havasu.

• Attractions: Grand Canyon West, Grand Canyon West Skywalk, Hualapai Ranch Restaurant, and historic Route 66.

• Recreation: Over 1,000 miles of shoreline, popular for water sports.

Frequently Asked Questions (FAQs)

What is the redemption period for tax lien certificates?

The redemption period is three years.

What is the interest rate for tax lien certificates?

The interest rate can go up to 16% per annum.

When is the typical date for the tax lien sale in?

The tax lien sale typically occurs in February.

Can I buy tax liens online for Mohave County?

Yes, you can register and participate in the auction online through the Mohave County Treasurer’s website.

Useful Links

• Mohave County Tax Lien Information
• Mohave County Treasurer’s Office
• Mohave County Property Assessor
• Mohave County Official Website
• Auction Site

Investing in Mohave County tax liens can be a lucrative venture if done with careful research and due diligence. By understanding the process and exploring all available opportunities, including OTC liens, you can potentially achieve high returns on your investments.

Need a Hand?

If you need some guidance with this process, you can book a call with us here. We’re here to help you navigate the process, avoid common pitfalls, and potentially save you three to five years of trial and error.

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