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These parcels have been deeded to the State of Arizona as a result of a property owner's failure to pay property taxes on the parcel for a number of years.

Under Florida law, you get at least two years after the tax lien sale to redeem the property before it's sold at a tax deed sale. That's because the lien purchaser must wait two years from April 1 of the year that the tax certificate is issued before submitting an application for a tax deed to the tax collector.

Purchasing a tax lien does not obligate you to pay any future property taxes that become delinquent or pay for other property liabilities.Unlike an investment in a tax lien, an investment in a tax deed requires that your adequately maintain the property until you are able to sell it.

A tax deed sale is the sale of property for past due real estate taxes and fees associated with the sale. Each year, real estate taxes are to be paid by a predetermined date to avoid becoming delinquent.The public auction selling the property is referred to as a Tax Deed Sale (FS 197.542).

In Florida, tax deed sales are conducted via auction by the Clerk of the Circuit Court at the courthouse of the county where the property is located. Tax deed sales are advertised weekly in local newspapers and online.

Tax liens can be a higher-yielding investment, but not always. From a mere profit standpoint, most investors make their money based on the tax lien's interest rate. Interest rates vary and depend on the jurisdiction or the state.

Generally, after owning a tax certificate for three years, the purchaser can get a tax deed (that is, the purchaser can get ownership of the home). Or, if the state is the purchaser, it may then sell the home after three years elapse from the sale date, and that purchaser will get a tax deed.