Virginia Tax Deed Secrets: What Alleghany County Auctions Don’t Want You to Miss

If you’re looking for a smart way to get property without paying full market price, Alleghany County, Virginia’s Tax Deed Sale might be worth a look. These sales can help investors buy real estate at lower prices through public auctions.

Let’s go over how it works and why this county could be a solid choice for investors.

A Quick Look at Virginia’s Tax Deed System

In Virginia, counties like Alleghany use tax deed sales. That means if a property owner doesn’t pay their property taxes, the county can sell the property at auction to recover the unpaid taxes. Once the sale is complete and confirmed by the court, you’ll get ownership through a Special Warranty Deed.

It’s not just about getting a deal. These sales can also bring in strong returns if you’re careful and do your research.

Important Details About Alleghany County Tax Deed Sales

Detail	Information
Tax Sale Type	Tax Deed Sale
Typical Sale Date	Varies – previous auctions held in September 2021 and October 2022
Auction Location	Alleghany County Government Center Board Room – 9212 Winterberry Avenue, Covington, VA 24426
Redemption Period	Properties may be withdrawn if redeemed before sale
Interest Rate	Not applicable (deed sale, not lien)
Bid Procedure	Bids subject to approval by the county and Circuit Court
Deposit Requirement	25% due at auction, remainder within 10 days
Title	Special Warranty Deed issued post-court confirmation
Contact	Alleghany County Treasurer

What Makes Virginia a Good State for Tax Deed Investing

Virginia uses judicial tax deed sales, meaning each sale must be approved by a judge. These sales offer real property ownership, not just a lien. Investors can gain properties outright if they win and complete the sale properly. The process has manageable risks for those who research before bidding.

Fun Facts About Virginia

• Virginia was one of the original 13 colonies and has deep American history
• Alleghany County was formed in 1822 and includes Covington, Clifton Forge, and Iron Gate
• Virginia has no state-level property tax; it’s handled at the county level
• As of the 2020 census, Alleghany County’s population was just over 15,000

Attractions and Economy in Alleghany County

Popular Attractions

• Outdoor spaces like Douthat State Park
• Historic railroads and scenic drives
• Local museums and small-town theaters

Transportation

• Access via I-64 and US Route 220
• Amtrak service in nearby Clifton Forge
• Regional airports within reasonable distance

Economy

• Forestry, paper production, and manufacturing lead local industries
• Arts, tourism, and small business are growing in Clifton Forge and Covington
• Cost of living is lower than the national average

Community Life

• Great for hiking, fishing, and enjoying the mountains
• Peaceful living with small-town charm
• Plenty of affordable housing and open land

Why Tax Deed Sales in Virginia Are Smart Investments

High Returns with Low Risk

Tax deed investing in Virginia can lead to high returns if the property value exceeds your bid. Since you’re buying the deed, there’s no redemption period after the court confirms the sale.

Auction Process

• Properties are sold at public auction
• Minimum bid usually covers taxes and fees
• Winning bidder must pay 25% on the spot and the rest within 10 days
• The sale is confirmed by a Circuit Court judge

Open to Everyone

Virginia does not restrict bidders—you can live in any state or even outside the U.S. Anyone with cash and knowledge can invest.

Step-by-Step: Alleghany Tax Deed Sale Process

1. Check upcoming sale lists on the county website
2. Attend the auction at the Government Center
3. Place your bid in person
4. Pay 25% if you win
5. Pay the remaining balance in 10 days
6. Wait for court approval
7. Receive a Special Warranty Deed

Expected Returns

You can often buy property well below market value. Many investors aim to resell or rent these properties for long-term profit. Returns depend on what you pay and the property’s market value.

The Importance of Doing Your Homework

What to Check Before You Buy

• Inspect the property if possible
• Do a title search
• Check for zoning and legal issues
• Look for unpaid utility bills or other liens

Skipping this step can lead to big problems, like buying land that’s not usable or has legal issues.

Can You Buy Property Outside of Auctions?

Yes. Virginia allows Over-the-Counter (OTC) purchases of unsold properties.

Benefits of OTC Purchases

• No bidding war
• More time to research the property
• Pricing is already set
• Still requires court approval, but less pressure

Why Virginia Is One of the Best States for Tax Sale Investors

Tax and Economic Advantages

• Low property taxes
• Friendly tax environment for investors
• Plenty of rural and small-town land opportunities

Real Estate Market

• Affordable property prices
• Growing interest in rural and remote areas
• Easier for beginners to start investing

Conclusion: Why Alleghany County, VA Is Worth a Look

If you’re hoping to break into real estate without spending a fortune, Alleghany County’s tax deed sales are a great place to start. You get full ownership of real estate and a chance to build wealth at a lower cost.

But remember—always do your research, inspect the property, and check the title before you buy. That’s the key to smart investing.

Pro Tips

• Show up early to register at the auction
• Bring certified funds for your deposit
• Research property values beforehand
• Review previous auction results to see what’s typically available

FAQs

Q: Do I need to live in Virginia to buy at the auction?
No, anyone can participate—including out-of-state and international buyers.

Q: What happens if I don’t pay the remaining balance in time?
You may lose your 25% deposit and the property.

Q: Can I visit the property before bidding?
Yes, but access might be limited. You can inspect from public roads unless permission is granted.

Q: Is the title clean?
No guarantees. A title search is recommended before bidding.

Useful Links

• Alleghany County Treasurer
• Tax Sale Property Listing (PDF)
• Alleghany County Website
• 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

Alleghany County auctions are open for review. Head to our Auction calendar for current listings. With free resources and expert support just a call away, there’s no reason not to get started.

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