42-17307. Refund of deferred taxes deposited in escrow
84 words·~1 min read·
/az/title-42/42-17307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a tax deferred residence is subject to any mortgage, deed of trust or other real property security interest and the secured party maintains an escrow account into which payments are deposited for the payment of property taxes, the taxpayer may submit a copy of the certificate of deferral to the secured party. Within thirty days after receiving the certificate the secured party shall refund to the taxpayer all monies held in the escrow account to pay property taxes on the tax deferred residence.