News & Updates

ADOR Returns a Record $88 Million in Unclaimed Property during Fiscal Year 2024

07/30/2024

PHOENIX–The Arizona Department of Revenue’s (ADOR) Unclaimed Property program returned a record $88 million to rightful owners in fiscal year 2024 (July 1, 2023 to June 30, 2024), significantly higher than the recent 5-year average of $57 million per year. Amounts given back to owners ranged from $1.0 to $1.5 million.

“ADOR’s Unclaimed Property team is dedicated to their mission of reuniting owners with their property and their incredible efforts have resulted in an all-time record amount of property returned this last fiscal year,” said Rebecca Wilder, Communications Director for the Arizona Department of Revenue. “We’d like to ask for the public’s help to return even more. ADOR encourages everyone to search their name at https://azdor.gov/unclaimed-property or MissingMoney.com, and to search every few years in the event any property has been reported.”

Unclaimed property generally consists of money due to an individual or business from sources such as old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits, and dormant safe deposit boxes. Often property becomes unclaimed because the company that holds the funds has an outdated address or the wrong forwarding address for the customer. In some cases, a person passes away with no family members aware of the assets. Most accounts are turned over to the state after years of inactivity.

The Arizona Department of Revenue Unclaimed Property Unit collects, safeguards, and aims to reunite unclaimed property with its rightful owner. Each year, the agency sends out thousands of notices to potential property owners, promotes the program through Arizona media, and works with other state agencies in Arizona and across the country to track unclaimed property owners.

For more information on the Arizona Department of Revenue’s Unclaimed Property program, customers can go to https://azdor.gov/unclaimed-property.

 

During National Small Business Week, ADOR Encourages Small Businesses to Search for Unclaimed Property

04/29/2024

Phoenix, AZ – National Small Business Week is April 28-May 4 and the Arizona Department of Revenue (ADOR) is encouraging small business owners to take some time and look for any unclaimed property that may belong to their business.

Looking for Unclaimed Property is easy. Business owners can simply visit azdor.gov/unclaimed-property, enter their business name, and see if ADOR is holding any property in the business’ name. While they’re at it, they can go ahead and search their own name for any personal property that may be unclaimed, and let their employees know that they can search too.

Unclaimed property can include forgotten bank accounts, uncashed checks, insurance benefits, and more. Sometimes unclaimed property can come from accounts receivable credit balances representing overpayments made for materials. A business has potentially hundreds of financial transactions daily and any one of those could be reported to ADOR’s Unclaimed Property Unit.

For more information on unclaimed property, how to find it, and how to claim it, visit https://azdor.gov/unclaimed-property.

 

Arizona Department of Revenue’s Unclaimed Property Auction Set for February 28-March 3

02/26/2024

PHOENIX--The Arizona Department of Revenue (ADOR) will hold its annual public auction of unclaimed property items from abandoned safe deposit boxes beginning Wednesday, February 28, 2024. Items for sale include jewelry, coins, currency, and a variety of collectible items that have not been claimed by their owners after many years.

Unclaimed Property Auction
Online only at www.sierraauction.com
Wednesday, February 28 at 12:00 p.m. until Sunday, March 3 at 5:00 p.m.

In-person Preview Day for the Public
Sierra Auction Management, Inc.
4298 N. 35th Drive
Phoenix, AZ 85019
Friday, March 1 from 10:00 a.m. to 4:00 p.m.

Once again, this year’s sale will be held online only. The Arizona Department of Revenue will sell the contents of safe deposit boxes to the highest bidder. The items can be viewed at www.sierraauction.com. Proceeds from items sold from the auction are transferred to a custodial account where the funds will remain for the rightful owners to claim.

Assets from abandoned safe deposit boxes make up a portion of unclaimed money the Arizona Department of Revenue safeguards until the funds can be returned to claimants. ADOR's Unclaimed Property Unit returns millions of dollars of unclaimed assets to their rightful owners every year. In fiscal year 2023 (July 1, 2022 to June 30, 2023), over $61 million was returned.

For more information about the Department of Revenue’s Unclaimed Property Unit and how to search to see if you have unclaimed assets, visit https://azdor.gov/unclaimed-property.

 

Arizona Department of Revenue to Auction Unclaimed Property Items

01/20/2023

PHOENIX--The Arizona Department of Revenue (ADOR) will hold an online public auction of unclaimed property items from abandoned safe deposit boxes beginning Wednesday, January 25, 2023. Items for sale will include jewelry, coins, currency, and a variety of collectible items that have not been claimed by their owners after many years.

Unclaimed Property Auction
Online only
at www.sierraauction.com
Wednesday, January 25 at 10:00 a.m. until Sunday, January 29 at 5:00 p.m.

In-person Preview Day
Sierra Auction Management, Inc.
4298 N. 35th Drive
Phoenix, AZ 85019
Friday, January 27 from 10:00 a.m. to 3:00 p.m.

For the third year, the sale will be held online only. The contents of safe deposit boxes shall be sold “as is” and “where-is.” The Arizona Department of Revenue will sell, to the highest bidder, the contents of safe deposit boxes and does not make any warranty of any kind, expressed or implied, as to the condition of the articles offered for sale.

Proceeds from items sold from the auction are transferred to a custodial account where the funds will remain for the rightful owners to claim.

Assets from abandoned safe deposit boxes make up a portion of unclaimed money the Arizona Department of Revenue safeguards until the funds can be returned to claimants. ADOR's Unclaimed Property Unit returns millions of dollars of unclaimed assets to their rightful owners every year. In fiscal year 2022 (July 1, 2021 to June 30, 2022), over $47 million was paid out.

The Department returns the property to owners who provide documentation showing their right to claim the property. People must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address, as reported by the company that filed the unclaimed property. Claimants also must provide documentation demonstrating a legal right to claim any property listed in another name.

For more information about the Department of Revenue’s Unclaimed Property Unit and how to do a search, go to www.azdor.gov and click on the Unclaimed Property tab.

 

Arizona Department of Revenue to Auction Unclaimed Property Items

01/11/2022

The Arizona Department of Revenue (ADOR) will hold an online public auction of unclaimed property items from abandoned safe deposit boxes beginning Wednesday, January 19, 2022. Items for sale will include jewelry, coins, currency, and a variety of collectible items that have not been claimed by their owners after many years.   

Unclaimed Property Auction
Online only at www.sierraauction.com
Wednesday, January 19 at 3:00 p.m. until Sunday, January 23 at 5:00 p.m.

In-person Preview Day
Sierra Auction Management, Inc.
4298 N. 35th Drive
Phoenix, AZ 85019
Friday, January 21 from 10:00 a.m. to 3:30 p.m.

Again this year, the sale will take place online only. The contents of safe deposit boxes shall be sold “as is” and “where-is.” The Arizona Department of Revenue will sell, to the highest bidder, the contents of safe deposit boxes and does not make any warranty of any kind, expressed or implied, as to the condition of the articles offered for sale.

Proceeds from items sold from the auction are transferred to a custodial account where the funds will remain for the rightful owners to claim.

Assets from abandoned safe deposit boxes make up a portion of unclaimed money the Arizona Department of Revenue safeguards until the funds can be returned to claimants. ADOR's Unclaimed Property Unit returns millions of dollars of unclaimed assets to their rightful owners every year. In fiscal year 2021 (July 1, 2020 to June 30, 2021), over $48 million was paid out.

The Department returns the property to owners who provide documentation showing their right to claim the property. People must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address, as reported by the company that filed the unclaimed property. Claimants also must provide documentation demonstrating a legal right to claim any property listed in another name.

For more information about the Department of Revenue’s Unclaimed Property Unit and how to do a search, go to www.azdor.gov and click on the Unclaimed Property tab.

 

ADOR Searches for Maricopa County Unclaimed Property Owners

02/05/2021

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program has identified more than $45 million that belonged to over 159,000 people with last known addresses in Maricopa County reported last year.

The agency is seeking potential property owners and their families to attempt to return the funds. The largest property due to a single owner being over $596,000.

Unclaimed property generally consists of money due to an individual from sources like old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits and dormant safe deposit boxes. Often property becomes unclaimed because the company that holds the funds has an outdated or the wrong forwarding address for its customer and in some cases, a person passes away with no family members aware of the assets. 

ADOR returns property to owners who provide documentation showing their right to claim the assets. Claimants must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address. Claimants must also provide documentation demonstrating a legal right to claim any property listed in another name.

ADOR’s Unclaimed Property program returned $48.4 million to rightful owners in fiscal year 2020 (July 1, 2019 to June 30, 2020). 

For more information on the Unclaimed Property program, including how to make a claim and frequently asked questions go to http://www.azdor.gov and click on the Unclaimed Property tab.

 

 

Arizona Department of Revenue Auctions Off Unclaimed Property Items

12/08/2020

The Arizona Department of Revenue (ADOR) will hold a public auction of unclaimed property from abandoned safe deposit boxes beginning Thursday, December 10.

The sale will take place online only and will feature the contents of safe deposit boxes (which include jewelry, coins, currency, and a variety of collectible items) that have not been claimed for many years. 

Bids may be placed online at www.sierraauction.com, from 5 p.m. on Thursday, December 10 to 5 p.m. on Monday, December 14.

A public preview will be available on Friday, December 11, 2020, from 8 a.m. to 4 p.m.  The contents of safe deposit boxes shall be sold “as is” and “where-is.” The Arizona Department of Revenue will sell, to the highest bidder, the contents of safe deposit boxes and does not make any warranty of any kind, expressed or implied, as to the condition of the articles offered for sale.

Proceeds from items sold from the auction are transferred to a custodial account where the funds will remain for the rightful owners to claim.

Assets from abandoned safe deposit boxes make up a portion of unclaimed money the Arizona Department of Revenue safeguards until the funds can be returned to claimants.

ADOR's Unclaimed Property Unit returns millions of dollars of unclaimed assets to their rightful owners every year. In fiscal year 2020 (July 1, 2019 to June 30, 2020), $42.5 million was paid out.

The department returns the property to owners who provide documentation showing their right to claim the property. People must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address, as reported by the company that filed the unclaimed property. Claimants also must provide documentation demonstrating a legal right to claim any property listed in another name.

For more information about the Department of Revenue’s Unclaimed Property Unit and how to do a search, go to www.azdor.gov and click on the Unclaimed Property tab.

 

 

ADOR Seeking Military Personnel Owned Unclaimed Property

11/10/2020

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program is searching for members of the U.S. military who have unclaimed funds in their names from when they were stationed in Arizona.

The agency has identified more than 14,000 military personnel with last known Arizona addresses from Camp Navajo Army Base, Fort Huachuca Army Base, Luke Air Force Base, Tucson’s Davis-Monthan Air Force Base, Yuma Proving Ground Army Base, and Marine Corps Air Station (MCAS) Yuma.

Some dating back over 30 years, these properties total $7 million, with the largest property due to a single owner being $136,217.

Currently, military members with large properties will receive a notice with the goal the property owner or family member will contact ADOR’s Unclaimed Property Unit.

Unclaimed property generally consists of money due to an individual from sources like old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits, and dormant safe deposit boxes. Often, the company holding the funds has an outdated or the wrong forwarding address for the customer, and in some cases, a person passes away with no family members aware of the assets. Most accounts are turned over to the state after several years of inactivity.

ADOR returns the property to owners who provide documentation showing their right to claim the assets. Claimants must include a valid photo ID and documentation linking them to the owner’s last known address with their claim form. Claimants must also provide documentation demonstrating a legal right to claim any property listed in another name.

Every year, the ADOR Unclaimed Property program returns millions of dollars to claimants, including $42.5 million in 2019-2020. In the past three fiscal years, about $155 million has been returned to individuals and businesses.

For more information on the Unclaimed Property program, including how to make claims and frequently asked questions, go to http://www.azdor.gov and click on the Unclaimed Property tab.

 

 

ADOR Returns More than $42 Million in Unclaimed Property during Fiscal Year 2020

08/06/2020

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program returned $42.5 million to rightful owners in fiscal year 2020 (July 1, 2019 to June 30, 2020).

Amounts given back to individuals ranged from one dollar to $361,000. 

In the past three fiscal years, about $155 million has been returned to individuals and businesses.

Unclaimed property generally consists of money due to an individual from sources including old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits, and dormant safe deposit boxes. Often property becomes unclaimed because the company that holds the funds has an outdated address or the wrong forwarding address for its customer. In some cases, a person passes away with no family members aware of the assets. Most accounts are turned over to the state after several years of inactivity. 

ADOR Unclaimed Property unit’s mission is to efficiently and effectively collect, safeguard, and distribute unclaimed property. Each year, the agency sends out thousands of notices to potential property owners, features claimant information through a search function on the unit’s website, advertises in Arizona media, and works with other state agencies in Arizona and across the country to track unclaimed property owners.

Be advised that the Department of Revenue will never use text messages to locate the owners of unclaimed property. 

ADOR returns property to owners who provide documentation showing their right to claim the property. Claimants must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address. Claimants must also provide documentation demonstrating a legal right to claim any property listed in another name.

For more information on the Arizona Department of Revenue’s Unclaimed Property program, customers can go to https://azdor.gov/unclaimed-property.

 

Unclaimed Property Alert

07/02/2020

Be advised some residents in the state of Arizona have reported receiving a text message regarding unclaimed property that is in their name.  The Department of Revenue will never use text messages to locate the owners of unclaimed property.  If you believe the state may be holding unclaimed property in your name, please visit https://azdor.gov/unclaimed-property  or https://www.missingmoney.com/en/ to conduct a search for unclaimed property.

If you have been contacted by text message you can contact the Arizona Attorney General to file a consumer complaint at https://www.azag.gov/complaints/consumer.

 

Temporary Service Level Changes at ADOR Customer Lobby in Phoenix
Customers Encouraged to Use Online and Over-the-Phone Services

03/31/2020

Please Be Advised...In light of COVID-19, the Arizona Department of Revenue has temporarily modified current lobby services in an effort to protect the health and safety of its customers and employees while continuing to provide information and support to Arizona taxpayers. 

 
Effective March 30, 2020, customers requiring in-person assistance at ADOR’s three customer service locations in Phoenix, Mesa and the Southern Regional Office in Tucson require an appointment with a department representative. They can do this by emailing [email protected] or calling (602) 716 –ADOR (2367). *
The ADOR previously maintained phone number specifically set up for in-person appointments, (602) 716-2367, is no longer in service.

 
Taxpayers can also submit forms, correspondence, and questions directly to ADOR staff through the [email protected] email.


Additionally, customers can access a suite of resources on AZDOR.gov or AZTaxes.gov or by contacting the Department of Revenue’s Customer Care line at (602) 255-3381 or 800-352-4090, 8 a.m. – 5 p.m. Monday through Friday.

 

 

ADOR Seeking Unclaimed Property Owners from Maricopa County
$900 million in unclaimed money

03/13/2020

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program has identified more than  
$900 million that belonged to more than 1.1 million people with last known addresses in Maricopa County.

 

The agency is sending out notices to the potential property owners and their families to attempt to return the funds. Some of the property dates back more than 30 years with one property being worth $500,000.

 

Unclaimed property generally consists of money due to an individual from sources like old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits and dormant safe deposit boxes. Often property becomes unclaimed because the company that holds the funds has an outdated or the wrong forwarding address for its customer and in some cases, a person passes away with no family members aware of the assets.

 

ADOR returns property to owners who provide documentation showing their right to claim the assets. Claimants must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address. Claimants must also provide documentation demonstrating a legal right to claim any property listed in another name.

 

ADOR’s Unclaimed Property program returned $48.4 million to rightful owners in fiscal year 2019 (July 1, 2018 to June 30, 2019).

 

There is currently $1.5 billion in unclaimed assets in the state being safeguarded by the Arizona Department of Revenue.
 

For more information on ADOR’s Unclaimed Property program, including how to make a claim and frequently asked questions, go to www.azdor.gov and click on the Unclaimed Property tab.

 

 

ADOR Seeking Unclaimed Property Owners from Coconino, Gila and Navajo Counties

01/31/2020

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program has identified approximately  
$13.7 million that belonged to more than 56,100 people with last known addresses in Coconino County, Gila County and Navajo County.

 

The agency is sending out notices to the potential property owners and their families to attempt to return the funds. Some of the property dates back more than 30 years.

 

  • In Coconino County, the department’s unclaimed property team has found nearly $7 million that would go back to more than 29,500 individuals.
     
  • In Gila County, the total is $3.4 million from over 10,200 people and a review of unclaimed funds.
     
  • The review of Navajo County confirmed more than $3.3 million belonging to approximately 16,300 individual owners.

 

Unclaimed property generally consists of money due to an individual from sources like old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits and dormant safe deposit boxes. Often property becomes unclaimed because the company that holds the funds has an outdated or the wrong forwarding address for its customer and in some cases, a person passes away with no family members aware of the assets.

 

ADOR returns property to owners who provide documentation showing their right to claim the assets. Claimants must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address. Claimants must also provide documentation demonstrating a legal right to claim any property listed in another name.

 

ADOR’s Unclaimed Property program returned $48.4 million to rightful owners in fiscal year 2019 (July 1, 2018 to June 30, 2019).

 

For more information on the Unclaimed Property program, including how to make a claim and frequently asked questions, go to www.azdor.gov and click on the Unclaimed Property tab.
 

 

ADOR Seeking Unclaimed Property Owners from Apache County

12/19/2019

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program has identified approximately  
$1.5 million that belonged to 7,364 people with last known addresses in Apache County.

 

The agency is sending out notices to potential property owners and their families to attempt to return the funds. Some of the property dates back more than 30 years.

 

Unclaimed property generally consists of money due to an individual from sources like old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits and dormant safe deposit boxes. Often property becomes unclaimed because the company that holds the funds has an outdated or the wrong forwarding address for its customer and in some cases, a person passes away with no family members aware of the assets.

 

ADOR returns property to owners who provide documentation showing their right to claim the assets. Claimants must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address. Claimants must also provide documentation demonstrating a legal right to claim any property listed in another name.

 

ADOR’s Unclaimed Property program returned $48.4 million to rightful owners in fiscal year 2019 (July 1, 2018 to June 30, 2019).

 

For more information on the Unclaimed Property program, including how to make a claim and frequently asked questions, go to www.azdor.gov and click on the Unclaimed Property tab.

 

 

 

ADOR Seeking Unclaimed Property Owners from La Paz County

11/29/2019

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program has identified more than  
$3.7 million that belonged to 4,749 people with last known addresses in La Paz County.

 

The agency is sending out notices to potential property owners and their families to attempt to return the funds. Some of the property dates back more than 30 years.

 

Breakdown of La Paz County municipalities with unclaimed property:

Community

# of Properties

Cash Value

Bouse

    999

$  159,846

Cibola

    258

$    18,032

Ehrenberg

 1,306

$   266,576

Parker

10,314

$2.2 million

Quartzsite

  3,917

$   715,050

Salome

  2,070

$   272,244

Wenden

     501

$      53,452

Poston

     358

$      38,485

Totals

19,723

$3.775 million

 

Unclaimed property generally consists of money due to an individual from sources like old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits and dormant safe deposit boxes. Often property becomes unclaimed because the company that holds the funds has an outdated or the wrong forwarding address for its customer and in some cases, a person passes away with no family members aware of the assets.

 

ADOR returns property to owners who provide documentation showing their right to claim the assets. Claimants must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address. Claimants must also provide documentation demonstrating a legal right to claim any property listed in another name.

 

ADOR’s Unclaimed Property program returned $48.4 million to rightful owners in fiscal year 2019 (July 1, 2018 to June 30, 2019).

 

For more information on the Unclaimed Property program, including how to make a claim and frequently asked questions, go to www.azdor.gov and click on the Unclaimed Property tab.

 

ADOR Seeking Unclaimed Property Owners Who Served in U.S. Military in Arizona

11/12/2019

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program is looking for members of the U.S. military who have unclaimed funds in their names from when they were based in Arizona.

 

The agency has identified more than 8,800 military personnel with last known Arizona addresses from Luke Air Force Base, Tucson’s Davis-Monthan Air Force Base, Fort Huachuca Army Base, Yuma Proving Ground Army Base, Camp Navajo Army Base and Marine Corps Air Station (MCAS) Yuma.


These properties, some dating back over 30 years, total $2.3 million with the largest property due to a single owner being $86,034.


The agency is currently sending notices to the military member’s last known Arizona base or most current address with the hope the property owner or family member will contact ADOR Unclaimed Property.

 

Unclaimed property generally consists of money due to an individual from sources like old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits and dormant safe deposit boxes. Often property becomes unclaimed because the company that holds the funds has an outdated or the wrong forwarding address for its customer and in some cases, a person passes away with no family members aware of the assets. Most accounts are turned over to the state after several years of inactivity.

 

ADOR returns the property to owners who provide documentation showing their right to claim the assets. Claimants must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address. Claimants must also provide documentation demonstrating a legal right to claim any property listed in another name.

 

Every year, the ADOR Unclaimed Property program returns millions of dollars to claimants, including $48.4 million in 2018-2019 and ranging from $1 to $586,000. In the past three fiscal years, about $170 million has been returned to individuals and businesses.

 

For more information on the Unclaimed Property program, including how to make claim and frequently asked questions can go to www.azdor.gov and click on the Unclaimed Property tab.

 

ADOR Seeking Unclaimed Property Owners from Mohave County

10/15/2019

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program has identified about
$30 million that belonged to 65,615 people with last known addresses in Mohave County.

 

The agency is sending out notices to potential property owners and their families to attempt to return the funds. Some of the property dates back more than 30 years.

 

Unclaimed property generally consists of money due to an individual from sources like old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits and dormant safe deposit boxes. Often property becomes unclaimed because the company that holds the funds has an outdated or the wrong forwarding address for its customer and in some cases, a person passes away with no family members aware of the assets.

 

ADOR returns property to owners who provide documentation showing their right to claim the assets. Claimants must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address. Claimants must also provide documentation demonstrating a legal right to claim any property listed in another name.

 

ADOR’s Unclaimed Property program returned $48.4 million to rightful owners in fiscal year 2019 (July 1, 2018 to June 30, 2019).

 

For more information on the Unclaimed Property program, including how to make a claim and frequently asked questions go to www.azdor.gov and click on the Unclaimed Property tab.

 

Attached is a list of Mohave County municipalities that have unclaimed property.

 

Breakdown of Mohave County municipalities with unclaimed property:

City

# of Properties

Cash Value

Antares

          6

$497

Arizona Village

          6

$73

Beaver Dam

      245

$39,283

Bullhead City

49,827

$8 million

Cane Beds

          4

$329

Centennial Park

      147

$28,917

Chloride

        22

$65,741

Colorado City

   1,966

$131,693

Desert Hills

         10

$1,360

Dolan Springs

   2,064

$487,295

Fort Mohave

 12,713

$1.4 million

Golden Valley

   8,445

$1.1 million

Grand Canyon West

           2

$120

Hackberry

           3

$5,032

Kingman

  53,689

$7.5 million

Lake Havasu City

  58,314

$9.1 million

Littlefield

            3

$114,641

Meadview

        965

$125,893

Mesquite Creek

             5

$26

Mohave Valley

     8,094

$1.1 million

New Kingman-Butler

             2

$50

Oatman

         306

$66,578

Peach Springs

      1,407

$109,251

Pine Lake

              1

$2.00

Scenic

            30

$2,492

Topock

       2,015

$258,056

Truxton

             22

$3,003

Valentine

             71

$16,343

White Hills

           282

$16,276

Wikieup

           396

$111,122

Willow Valley

             84

$964

Yucca

           661

$109,071

Totals

   201,804

$29.8 million

 

ADOR Seeking Unclaimed Property Owners from Cochise County

9/12/2019

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program has identified more than
$17.1 million that belonged to over 21,000 people with last known addresses in Cochise County.

 

The agency is now sending out notices to potential property owners and their families to attempt to return the funds. Some of the property dates back more than 30 years.

 

Breakdown of Cochise County municipalities with unclaimed property:

 

City

# of Properties

Cash Value

Benson

     10,337

$1.1 million

Bisbee

       8,558

$1.5 million

Bowie

          592

$152,000

Cochise

          983

$167,000

Douglas

    18,732

$2.5 million

Dragoon

         447

$47,000

Elfrida

      1,267

$142,000

Fort Huachuca

      9,566

$1.1 million

Huachuca City

      6,056

$462,000

Hereford

      8,962

$1.2 million

McNeal

      1,076

$149,000

Naco

      1,043

$68,000

Pearce

           17

$125,000

Pirtleville

         947

$49,000

Pomerene

         968

$50, 503

Saint David

      2,367

$291,000

San Simon

         448

$37,587

Tombstone

         259

$263,000

Willcox

     8,939

$1 million

Totals

   71,986

$17.1 million

Unclaimed property generally consists of money due to an individual from sources like old bank accounts, uncashed payroll checks, tax refunds, credit balances, rebates, returned deposits and dormant safe deposit boxes. Often property becomes unclaimed because the company that holds the funds has an outdated or the wrong forwarding address for its customer and in some cases, a person passes away with no family members aware of the assets.

 

ADOR returns property to owners who provide documentation showing their right to claim the assets. Claimants must include with their claim form a valid photo ID, such as a driver’s license or other applicable identification, and documentation linking them to the owner’s last known address. Claimants must also provide documentation demonstrating a legal right to claim any property listed in another name.

 

ADOR’s Unclaimed Property program returned $48.4 million to rightful owners in fiscal year 2019 (July 1, 2018 to June 30, 2019).

 

For more information on the Unclaimed Property program, including how to make a claim and frequently asked questions go to www.azdor.gov and click on the Unclaimed Property tab.

 

ADOR Unclaimed Property program returns more than $48 million in 2018-2019

7/24/2019

The Arizona Department of Revenue’s (ADOR) Unclaimed Property program returned $48.4 million to rightful owners in fiscal year 2019 (July 1, 2018 to June 30, 2019). Amounts given back ranged from $1 to $586,000.

In the past three fiscal years, about $170 million has been returned individuals and businesses.

Read More

 

ARIZONA UNCLAIMED PROPERTY NOTICE 
UPN 12-1

H.B. 2023, 50th Leg., 2nd Reg. Sess. 

On April 10, 2012, Governor Janice K. Brewer signed Senate Bill 2023 into law. The bill, effective 8/2/2012, amended the parameters in calculating the dormancy of a renewable Certificate of Deposit in the Arizona Unclaimed Property Act, Arizona Revised Statutes (A.R.S.) § 44-302. Section 1, to read:

44-302.5  Except as otherwise provided in this paragraph, a demand, savings or time deposit, including a deposit that is automatically renewable, and any interest or dividends are presumed abandoned three years after maturity or the date of the last indication by the owner of interest in the property, whichever occurs first.  A certificate of deposit and any interest are presumed abandoned three years after maturity.  For the purposes of this paragraph, a deposit that is automatically renewable is deemed matured on its initial date of maturity, unless the owner has consented to a renewal at the time of the account opening or about the time of the renewal and the consent is in writing or is evidenced by the original account agreement or by any memorandum or other record on file with the holder.

 

ARIZONA UNCLAIMED PROPERTY NOTICE
UPN 10-2

H.B. 2111, 49th Leg., 2nd Reg. Sess.

On April 23, 2010 Governor Janice K. Brewer signed House Bill 2111 which amended the abandonment period (also known as “dormancy period”) for Traveler’s checks enumerated in the Arizona Unclaimed Property Act, Arizona Revised Statutes.

Property Type

Former abandonment period Amended abandonment period
Traveler’s check 3 years 15 years

 

 

ARIZONA UNCLAIMED PROPERTY NOTICE 
UPN 10-1

H.B. 2453, 49th Leg., 2nd Reg. Sess. 

On April 20, 2010, Governor Janice K. Brewer signed House Bill 2453 which amended section A.R.S. § 44-302 changing several of the abandonment periods (also known as “dormancy periods”) for securities enumerated in the Arizona Unclaimed Property Act, Arizona Revised Statutes (A.R.S.) § 44-302. 

Property Type

Former abandonment period Amended abandonment period
Any stock or other equity interest in a business association or financial organization 2 years 3 years
The principal on debt of a business association or financial organization and the interest on the debt 2 years 3 years
Any dividend, profit, distribution, interest, redemption, payment on principal or other sum held or owing by a business association for or to its shareholder, certificate holder, member, bond holder or other security holder 2 years 3 years

 

ARIZONA UNCLAIMED PROPERTY NOTICE
UPN 09-1

S.B. 1003, 49th Leg., 4th Spec. Sess. [2009 Ariz. Sess. Laws 3E]

On, November 23, 2009, Governor Janice K. Brewer signed Senate Bill 1003 into law. The bill, effective immediately, amended several of the abandonment periods (also known as “dormancy periods”) enumerated in the Arizona Unclaimed Property Act, Arizona Revised Statutes (A.R.S.) § 44-302.

Property Type

Former abandonment period Amended abandonment period
Traveler’s check 15 years 3 years*
Money order or similar written instrument 7 years 3 years
Any stock or other equity interest in a business association or financial organization 3 years 2 years*
The principal on debt of a business association or financial organization 3 years 2 years*
A demand, savings or time deposit and any interest or dividends 5 years 3 years
Credits owed to a customer as a result of a retail business transaction 5 years 3 years
An amount owed by an insurance company on a life or endowment insurance policy or annuity that has matured or terminated 5 years 3 years
Policy or annuity that is payable on proof of death 2 years 1 year
Proceeds of a life or endowment insurance policy or annuity contract not matured by actual proof of the death of the insured or annuitant according to the company’s records 2 years 1 year
Property that is held by a court, government or governmental subdivision, agency or instrumentality 3 years 2 years
Property in any individual retirement account, defined benefit plan or other account or plan that qualifies for tax deferral under the income tax laws of the United States 3 years 2 years
Any amount that is payable on a check, draft or similar instrument on which a financial organization or business association is directly liable, including a cashier’s check and a certified check 5 years 3 years
All other property 5 years 3 years
Excess proceeds deposited with the county treasurer pursuant to A.R.S. § 33-812 3 years 2 years
Any dividend, profit, distribution, interest, redemption, payment on principal or other sum held or owing by a business association for or to its shareholder, certificate holder, member, bond holder or other security holder 3 years 2 years*

*Abandonment period has since been amended

 

Recent Mutual Fund Changes

5/1/2009

Effective for the Fall 2009 reporting season, the State of Arizona is requesting all agents who report mutual fund accounts as unclaimed property to remit the share property . . .  

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Contents of safe deposit box or other safekeeping depository

9/16/2008

Tangible property that is held in a safe deposit box or any other safekeeping depository in this state in the ordinary course of the holder's business and the proceeds that result from the sale of the property permitted by law are presumed abandoned if the property remains unclaimed by the owner for more than three years after the expiration of the lease or rental period on the box or other depository.

ARS 44-303

 

 

Notice and publication of abandoned property

9/16/2008

A. The department shall publish a notice at least semiannually with a toll-free telephone number and directing the public to the department's web site regarding abandoned property that has been paid or delivered to the department. The department shall cause the notice to be published in a newspaper of general circulation in each county. The department shall ensure that the notice is in a form that in the judgment of the department is likely to attract the attention of the apparent owner of the unclaimed property. The department's web site shall contain all of the following information not later than November 30 of the year after the year in which abandoned property has been paid or delivered to the department: 1. The name of each person that appears to be the owner of the property as stated in the report filed by the holder. 2. The last known address or location of each person that appears to be the owner of the property, if an address or location is stated in the report filed by the holder. 3. A statement that explains that the property of the owner is presumed abandoned and is in the protective custody of the department. 4. A statement that on request to the department information about the property and its return to the owner is available to a person who has a legal or beneficial interest in the property. B. The department's web site is not required to contain the name, address or location of an owner of property that has a total value of less than fifty dollars or information concerning a traveler's check, money order or similar instrument.

ARS 44-309