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Tax lien sales in the State of Arizona
What is a Arizona Tax Lien?
A tax lien is a claim that the government makes on your property if you owe back taxes. The government can place a tax lien on your home, car, or other assets in order to recoup the money you owe. If you don’t pay your tax debt, the government can eventually seize your property and sell it to satisfy the debt. A tax lien can have a major impact on your financial life, so it’s important to understand how they work and what you can do to avoid them.
Tax liens are different from tax levies. A tax levy is a legal seizure of your property by the government in order to satisfy a tax debt. A tax lien, on the other hand, is a claim against your property. The government can use a tax lien to force you to pay your tax debt, but they cannot seize your property without first getting a court order.
If you owe back taxes, the IRS will first send you a notice telling you how much you owe and giving you a chance to pay the debt. If you don’t pay, the IRS can then file a notice of federal tax lien. This is a public record, which means it will show up on your credit report and
Arizona tax lien interest rate
The interest rate on an Arizona tax lien is set by statute, and it is currently set at 16% per year.
If you are facing an Arizona tax lien, it is important to act quickly to resolve the debt. The sooner you pay off the tax lien, the less interest you will owe. You can contact the Arizona Department of Revenue to arrange a payment plan or to negotiate a settlement. Otherwise, you may end up losing your property to a tax foreclosure.
is Arizona a tax lien state?
Yes, tax liens are a matter of public record in Arizona. This means that anyone can search for and find tax liens that have been filed against a property. Tax liens can be an important tool for creditors to collect on debts, but they can also be a major burden for property owners. If you have a tax lien filed against your property, it is important to understand your rights and options so that you can make the best decision for your situation.
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