Floyd County, Virginia Tax Sales: A Simple Guide to Buying Property at Auction

Floyd County, Virginia holds public tax sales when property owners fall behind on their real estate taxes. These auctions help the county recover lost revenue and give buyers a chance to purchase properties, often at below-market prices. If you’re thinking about joining a tax sale, here’s how it works in clear and easy steps.

When Floyd County Schedules Tax Sales

Tax sales don’t happen on a fixed schedule. The county announces a sale when there are enough eligible properties.

• Sale Frequency: As needed
• Where to Check Dates: Use the Auction Calendar or TACS site for updates

Time and Place of the Auction

Every auction has a set time and location, shared in the official notice.

• Start Time: Usually begins at 1:00 PM Eastern Time (ET)
• Where It’s Held:
  • Floyd County Courtroom
  • 100 E. Main Street, Room 200, Floyd, VA 24091

Registration Requirements to Bid

You must register before the auction to place a bid.

• Is Registration Needed? Yes
• How to Register:
  • Registration opens when the auction is announced
  • It closes shortly before the event starts
  • All instructions are included in the auction notice

Can Property Owners Redeem Before the Auction?

Yes—but only until the auction date.

• Before the Auction: Owners can pay all taxes and fees to keep their property
• After the Auction: They lose the right to redeem

How Bidding and Payment Work

Winning a bid comes with specific payment rules, so be prepared.

• Who Wins: Highest bidder
• Deposit Required:
  • $1,000 or 25% of the bid (whichever is higher) due immediately
• Buyer’s Premium:
  • 10% added to the final bid (minimum $150)
• Final Payment:
  • Pay remaining balance and deed recording fees within 15 days of court confirmation
• Accepted Payments:
  • Personal checks
  • Cashier’s checks
  • Traveler’s checks
  • Money orders
  • No cash accepted

Where to Get Auction Info and Property Listings

You can find updates and property details here:

• TACS – Floyd County Tax Sales Page
• Auctioneer Contact: Matt Gallimore
  • Email: [email protected]
  • Phone: (540) 239-2585

Who to Contact for Help

If you have questions, reach out to:

• Taxing Authority Consulting Services (TACS)
  • Email: [email protected]
  • Phone: (804) 293-8608

Pro Tips for a Smooth Auction Experience

Here are a few smart moves to make before you bid:

• Look beyond surface-level descriptions—some of the best returns come from overlooked parcels.
• Attend the auction preview call or inspection if offered—this county sometimes posts updates late.
• Watch for properties on steep terrain—cheap isn’t always worth it if development costs rise.

Useful links

• Learn How to Profit from Virginia Real Estate Auctions 
• Let’s talk about Tax Deeds and how you can profit from them!
• Discover Tax Deeds and how you can find property for as little as $50! 

Need A Hand

If Floyd County is on your radar, don’t wait. Check our Auction calendar for upcoming sales. Our free resources will help you take the next step, and booking a call with an expert can give you a solid plan to move forward.

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About Dustin Hahn

Dustin Hahn is a Tax Lien & Deed investor with over 22 years of experience and hundreds of deals under his belt. He created Tax Lien School.com to help you buy Tax Deeds up to 90% off mortgage free and earn up to 36% ROI with Tax Liens. This site was voted the “Most Useful Resource” for new investors. Dustin’s YouTube Channel is the #1 Channel on Tax Liens & Deeds with over 98,000 Subscribers and 3600 videos to help you start. “The Best Time To Start Real Estate Investing Was 20 Years Ago, The Second Best Time Is TODAY!”

20+yrs

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