In a live auction, a bidder will lower his bid by one percent increments until he is the only bidder left or until the interest goes below his acceptable minimum level, at which point he would drop out. Proxy bidding is a form of competitive sale in which bidders enter the minimum interest rate that they are willing to accept for each certificate. The auction system acts as an electronic agent, submitting bids on behalf of each bidder. The result of the proxy system is that the electronic agent keeps lowering the bid to submit by one percent increments until you are either the only bidder left, (in which case you get the certificate at one percent lower than the previous bid) or until you reach the floor you have set. Zero percent bids will not be treated as proxy bids. They will be awarded at zero.

If you are the only bidder on a given certificate and your minimum rate is greater than zero percent, the electronic agent will submit a bid of 16% on your behalf.

In the case of a tie at the winning bid rate, the system awards to one of the tie bidders through a random selection process using a random number generator.

In no case will a bidder be awarded a certificate at a rate lower than his specified minimum acceptable rate.

Certificates that receive no bids will be "struck to the state" at 16%.

The successful bidder will pay the entire amount of taxes, interest, and fees via ACH debit by the end of the next business day. Fees include a non-refundable/non-interest earning Tax Payer Information Fee of $5.00/10.00* as per ARS 42-18122B. If payment has not been made, the parcel(s) may be re-offered.

* If delinquent base tax is $600 or less, the fee is $5.00. If the delinquent base tax is more than $600, the fee is $10.00.

The sale will continue until all liens are sold or the lack of bidding warrants discontinuing the sale.

Each investor will receive an Unmatured Portfolio Report identifying each parcel for which the investor had acquired a tax lien.

When making an inquiry on a property, use the parcel number located in the left column of the Portfolio.

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