How Chesapeake City Conducts Tax Sales: A Simple Guide

Introduction

Chesapeake City, Virginia, sells tax-delinquent properties through online auctions to recover unpaid property taxes. These sales give buyers a chance to invest in real estate at competitive prices. Unlike traditional home sales, tax auctions follow a strict legal process.

Auction dates are not fixed, so always check the Auction Calendar for scheduled auctions.

How the Process Works

Chesapeake City follows a structured process for tax sales:

1. Identifying Properties – The city reviews tax records and selects properties with unpaid taxes.
2. Auction Preparation – A dedicated team organizes an online auction for the selected properties.
3. Public Notice – The city website and local media publish official auction notices at least four weeks before the sale.
4. Auction Day – Bidders compete online, and properties go to the highest bidder.

How to Register and Bid

Registering for the Auction

• Sign up online before the auction begins.
• Provide personal information and proof of funds during registration.
• Get approved and receive detailed bidding instructions.

Bidding in the Auction

• Place bids actively during the auction window.
• Monitor real-time bid updates and receive alerts if someone outbids you.
• Use tools like maximum bid settings and auto-extension to manage your bidding strategy.

Payment and Completion

Winning bidders must complete payments quickly to secure their purchase.

• Deposit Requirement – Pay a set percentage of the winning bid or the minimum required by auction rules.
• Buyer’s Premium – An additional fixed percentage applies to the final bid amount.
• Final Payment – Pay the full balance within the specified deadline using certified funds, cashier’s check, money order, or wire transfer.

Late payments may result in penalties or loss of the property.

Due Diligence and Property Inspection

Before bidding, research the property carefully.

Inspect the Property

• All properties sell “as-is, where-is, and if-is.”
• Conduct an inspection if possible.
• Use Chesapeake GIS data and tax records to check ownership history and tax liens.

Verify Property Information

• Contact city officials to confirm auction details.
• Ensure the property meets your investment goals.

Additional Auction Details

• The auto-extend feature increases bidding time if someone places a bid in the final minutes.
• The city provides clear instructions on deposit amounts, payment deadlines, and acceptable payment methods before the auction.
• You receive real-time updates and notifications during the auction process.

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! 

Chesapeake City conducts online tax auctions to sell tax-delinquent properties. Buyers must register, bid in real time, and complete payments on time. Since all properties sell as-is, doing thorough research before bidding is crucial.

Stay updated on future sales—check the Auction Calendar for scheduled auctions.

Call to Action

Don’t miss out on a great investment opportunity. Visit our auction calendar today and explore available properties. If you need assistance, book a call with an expert or browse our free resources for valuable investment tips.

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