Photo: Arizona Department of Revenue building
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 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 Often property becomes unclaimed because the company that holds the funds has an outdated address or the wrong forwarding address for the customer.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/
