How Henrico County Conducts Tax Sales: A Simple Guide

Introduction

Henrico County, Virginia, sells tax-delinquent properties through online auctions to recover unpaid property taxes. These auctions allow buyers to purchase properties at competitive prices. Unlike traditional sales, tax auctions follow a structured legal process.

Auction dates change, so always check the Auction Calendar for scheduled auctions.

How the Process Works

Henrico County follows a clear process for tax sales:

1. Identifying Properties – The county reviews tax accounts and selects properties with unpaid taxes.
2. Auction Preparation – A team organizes an online auction for the selected properties.
3. Public Notice – Local media publish official auction notices at least four weeks before the sale.
4. Auction Day – The auction runs online, and bidders compete in real-time.

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 clear 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 features like maximum bid settings and auto-extend to manage your bidding strategy.

Payment and Completion

Winning bidders must complete payments quickly to finalize their purchase.

• Deposit Requirement – Pay 25% of the winning bid or the minimum required by auction rules.
• Buyer’s Premium – An additional 10% fee applies to the final bid amount.
• Final Payment – Complete the balance within the specified period 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 Henrico County GIS data and tax records to check ownership history and liens.

Verify Property Information

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

Additional Auction Details

• If a bid is placed in the final minutes, the auto-extend feature increases bidding time to allow fair competition.
• The county provides clear bidding instructions, deposit requirements, and payment deadlines before the auction.
• You receive real-time updates and notifications to guide you through the 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! 

Conclusion

Henrico County 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, researching before bidding is essential.

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

Call to Action

Don’t miss your chance to invest in a tax-sale property. Visit our auction calendar today and explore available listings. If you need help, book a call with an expert or browse our free resources for valuable investment tips.

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