Staunton City, Virginia, Tax Sales: Everything You Need to Know
If you’re interested in buying properties at tax sales in Staunton City, Virginia, understanding the process is crucial. Tax sales offer investors a chance to acquire properties at a lower cost, but they come with strict procedures and requirements. Here’s a simplified, SEO-friendly guide to help you navigate tax sales in Staunton City.
Staunton City conducts tax sales through judicial tax foreclosure. When property owners fail to pay their taxes, the city takes legal action to sell the property and recover unpaid amounts. These sales happen periodically, not on a fixed schedule.
Auction Type: Online tax foreclosure auctions
Property Eligibility: Delinquent taxes must remain unpaid for an extended period
Buyer’s Role: Investors can bid on properties, but they must follow specific rules
When and Where Are Tax Sales Held?
Tax sales in Staunton City do not have a set date every year. Instead, auctions are scheduled as needed when there are properties eligible for foreclosure.
Auction Format: Most tax sales happen online
Auction Platform: “For Sale At Auction” (or similar platforms)
How to Check Dates: Visit Staunton City’s official website or the auction platform for the latest updates
Check out our Auction Calendar for scheduled auctions.
Registration Requirements for Bidders
Anyone interested in bidding must register in advance. The registration period varies, so checking deadlines before an auction is essential.
How to Register: Sign up through the auction website
Registration Deadline: Varies by auction—check the platform for details
Bidding and Payment Process
Bidding follows a simple rule: the highest bidder wins. However, there are important steps to keep in mind.
Understand the Terms – Read the auction rules carefully before bidding.
Deposit Requirements – Winning bidders may need to make an initial deposit.
Payment Deadline – Full payment is typically required within a short time.
Property Transfer – Once payment is complete, ownership is transferred following legal procedures.
Before the auction, Virginia law allows property owners to redeem their property by paying all outstanding taxes, penalties, and fees. However, once the sale is complete, they lose this right.
How to Stay Updated on Tax Sales
Staying informed about upcoming tax sales is key to making smart investment decisions.
Check the City’s Official Website for tax sale listings
Monitor the Auction Platform where Staunton conducts sales
Sign Up for Notifications if available to get alerts about new sales
Contact Information for Tax Sale Inquiries
For specific details about upcoming tax sales, reach out to:
City Treasurer: Rick Johnson
Office Address: City Hall, 1st Floor, 116 W. Beverley Street, P.O. Box 474, Staunton, VA 24402
Want to get started with tax-sale investing in Staunton City? Our Auction calendar has the upcoming opportunities. Use our free resources to build your plan, and if you need help, don’t wait and book a call with an expert today.
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Lien Sales Annually Oct – Nov. Deed Sales Are Held on a Needed Basis and Only on Properties That Were Not Sold at Lien Sale and Were Held by the County for 18 Months
10% Penalty if Redeemed in 1st 6 Months, 15% Penalty if Redeemed in Months 6-12, but Only on the Taxes and Fees Not the Overbid. Overbid Amount Receives 5% Interest.
Redemption Period:
1 Year if Sold at County Sale, Liens Not Sold at County Sale Are Certified to Commissioner and Sold in “Commissioner’s Certificate Sale” With 120 Day Redemption Period
Online Auction:
Yes
Over the Counter:
No but There Is a Second Auction Called a Commissioners Certificate Auction With a Shorter Redemption Period of 120 Days
25% Penalty Per 6 Months for Non Homestead or Special Land Use Properties. If 2 Yr Redemption Period Applies 25% for 1st Year and 50% Penalty for 2nd Year
Redemption Period:
6 Months for Most Properties. 2 Years for Homestead and Special Land Use Properties
Online Auction:
The Vast Majority No, but in 2019, Two Counties (Victoria & Orange)
“Upset Sale” First With Premium Bidding Which Does Not Extinguish Other Liens, Followed by “Judicial Sale” Where All Liens With the Exception of Irs Liens Are Extinguished
Frequency:
Annually Throughout the Year. Upset Sales Typically Held in the Fall. Judicial Sale Typically in the Spring but Could Be Anytime After the Upset Sale.
Interest Rate / Penalty:
N/A
Redemption Period:
N/A
Online Auction:
Very Few
Over the Counter:
Yes Through “Repository” List With County Acceptance
Staunton City
Staunton City, Virginia, Tax Sales: Everything You Need to Know
If you’re interested in buying properties at tax sales in Staunton City, Virginia, understanding the process is crucial. Tax sales offer investors a chance to acquire properties at a lower cost, but they come with strict procedures and requirements. Here’s a simplified, SEO-friendly guide to help you navigate tax sales in Staunton City.
How Tax Sales Work in Staunton City
Staunton City conducts tax sales through judicial tax foreclosure. When property owners fail to pay their taxes, the city takes legal action to sell the property and recover unpaid amounts. These sales happen periodically, not on a fixed schedule.
When and Where Are Tax Sales Held?
Tax sales in Staunton City do not have a set date every year. Instead, auctions are scheduled as needed when there are properties eligible for foreclosure.
Check out our Auction Calendar for scheduled auctions.
Registration Requirements for Bidders
Anyone interested in bidding must register in advance. The registration period varies, so checking deadlines before an auction is essential.
Bidding and Payment Process
Bidding follows a simple rule: the highest bidder wins. However, there are important steps to keep in mind.
Can Property Owners Reclaim Their Property?
Before the auction, Virginia law allows property owners to redeem their property by paying all outstanding taxes, penalties, and fees. However, once the sale is complete, they lose this right.
How to Stay Updated on Tax Sales
Staying informed about upcoming tax sales is key to making smart investment decisions.
Contact Information for Tax Sale Inquiries
For specific details about upcoming tax sales, reach out to:
Pro Tips for Bidders
Tax sales can be great investment opportunities, but they require careful preparation.
Useful Links
Need a Hand?
Want to get started with tax-sale investing in Staunton City? Our Auction calendar has the upcoming opportunities. Use our free resources to build your plan, and if you need help, don’t wait and book a call with an expert today.
Sign up or log in to view the full content.
Join Us
Learn how to get 18-36% returns on your investment and buy property for as little as $500 with tax lien and tax deeds.