Most of the Arizona Property Tax sales are now complete. Thanks to Ben Bernanke and now Janet Yellen, we have some serious competion for yield. While by statute it is possible to earn 16% annual interest on an Arizona cert, the reality is that most any cert that is backed by a quality asset (single family home, condo, etc.) is now bid down to an average of 2 to 4%. The actual average yield of the entire sale (everything sold) is about 7% (many unknowing investors actually bid 16% on worthless strips of land and toxic waste dumps which skew the results) so overall the numbers may not seem that bad. But you can not blame investors and savers to reach for yield in an environment where .1% is common for the avg bank account. We have now been facing the Fed's ZIRP policy for almost 5 years and there is no end in sight. For more information on some tax certificate sales in AZ, feel free to visit these county links: https://www.bidmohave.com/ https://yavapai.arizonataxsale.com/ https://www.bidmaricopa.com/
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