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After the package receive final approval, the closer will notifies the escrow officer that loan proceeds are available. From the time of your signing, it will usually take 24-48 hours for the lender to fund the loan.
How are my Property Taxes computed? The Assessed Value divided by 100, times the tax rate (set in August of each year) determines property tax billed in September. The County Treasurer bills, collects and distributes the property taxes.
Many people have some confusion on how are property taxes are calculated. Arizona property taxes on owner-occupied residences are levied based on the Assessed Value, not current market value. In Maricopa County the assessment ratio for owner-occupied residential property is 10 percent of Full Cash (market) Value.
An Arizona quitclaim deed (sometimes called a quitclaim deed or a quit claim deed) is used to transfer Arizona real estate with no warranty of title. The person creating the deed (grantor) does not guarantee that he or she owns the property or has the right to convey it to the new owner (grantee).
As the buyer of a property, you are the one responsible for recording the deed. Deeds for real estate need to be filed directly with the municipality or county where the property is located. The documents must be signed, witnessed, and notarized in order to be registered.
The recorder makes a digital image of the deed before returning it to you. It then becomes a matter of public record. After 10 to 15 days, the information from your deed will be searchable using the recorder's online database.
The Maricopa County property tax rate is 0.610% of the assessed home value.
What can you do to fix it? One option may be filing a corrective deed. A corrective deed is an instrument used to correct a small error in a deed that has been recorded at an earlier date. Corrections can only be made to non-material errors, causing no actual change in the substance of the deed.
Arizona Revised Statutes § 33-401 lays out the formal requirements for conveyance of property. All transfers of property in Arizona must be in writing. The deed must be signed by the grantor and notarized by an authority granted those duties in the state.
The fee to record a document in County Recorder offices throughout Arizona will become $30.00 for each complete document. Documents received on or after July 1st will be returned if accompanied by insufficient payment. Postmarked recordings submitted without the $30.00 flat recording fee will be rejected.