Unlocking Property Deals in Henrico County Through Online Tax Deed Sales

Introduction

Henrico County, Virginia is an interesting and historically rich area where you can buy tax-delinquent properties through a tax deed sale. These auctions are held online and offer a chance to buy real estate at potentially low prices, without having to deal with back taxes or liens.

Whether you’re new to tax deed investing or have some experience, Henrico County has clear rules, an easy bidding process, and accessible online auctions. This article will walk you through everything you need to know.

Brief Overview of Virginia’s Tax Deed Investing

Virginia is a tax deed state, which means if property owners don’t pay their taxes, the county can auction off their real estate to recover the unpaid amount. Investors buy full ownership rights through a public auction. Henrico County follows this method and sells properties “as-is” through its online platform, TACSsale.com.

Important Tax Sale Details – Henrico County, VA

Here’s a quick look at the most important information for tax deed investors interested in Henrico County:

Detail	Description
Tax Sale Type	Tax Deed Sale
Auction Method	Online via TACSsale.com
Bid Type	Premium Bid (highest bidder wins)
Redemption Period	No redemption period after auction
Typical Sale Date	Varies (See Calendar)
Interest Rate	Not applicable (property is sold outright)
Buyer’s Premium	10% of the winning bid (minimum $150)
Deposit Requirement	Full payment (including deed fees) due after auction
Payment Methods Accepted	Cashier’s Check, Money Order, Wire Transfer. No cash or personal checks.
Property Conveyed By	Special Warranty Deed
Contact for Sale Info	TACS Contact Page or call 804-548-4408
Henrico Finance Dept.	Henrico County Finance Website
County Official Site	Henrico County Homepage
Tax Sale Info Page	TACS Henrico Tax Sale Info

Why Henrico County is a Good Option for Tax Deed Investors

Henrico County offers a good mix of affordable entry costs, strong county support, and a solid legal process. Properties are sold free and clear of taxes and liens, and there are no redemption periods, which means you get full control right after payment and recording.

The county also has some of the lowest real estate tax rates among large counties in Virginia and maintains its own roads—something only two Virginia counties do.

Fun Facts About Henrico County and Virginia

• Henrico was one of Virginia’s original eight shires, established in 1634.
• The second successful English settlement in America, Henricus, was located here.
• Famous figures like Pocahontas and John Rolfe lived in what is now Henrico County.
• Coal and iron mining first began here during the colonial period.
• Henrico County is known for its triple-A bond rating from all major credit agencies.
• The first vocational education program in public schools was started here by Virginia Randolph.
• Henrico maintains over 1,250 miles of roads—something most counties rely on the state for.

Attractions and Economic Highlights

Popular Attractions

Henrico has plenty of green spaces, historic Civil War battlefields, and museums. You’ll also find theaters, shopping areas, and family-friendly parks.

Transportation Infrastructure

Henrico is part of the Richmond metropolitan area, with major highways, railways, and the nearby Richmond International Airport. This makes it easy to access and develop.

Economic Development

Key industries include healthcare, government, logistics, and education. The area also has growing tech and business service sectors.

Community Appeal

Henrico offers affordable living, strong public services, and a mix of urban and suburban settings. It’s a place people want to live, which makes it attractive for long-term investors.

What Makes Virginia Tax Deed Investing a Smart Choice

High Returns with Low Risk

Tax deed investing in Virginia—especially in Henrico County—can offer high returns. Since there’s no redemption period, the sale is final once completed, lowering your risk of losing the investment later.

Auction Process

Bidding is easy and can be done online. You can set a maximum bid, and the system will place bids for you in preset amounts. This makes it simple to manage even if you’re new to investing.

Open to All Investors

Henrico County does not limit buyers to locals. Anyone can participate, even foreign investors, as long as they follow the rules and don’t owe taxes to the county.

Understanding the Process in Henrico County

Step-by-Step Tax Deed Auction Process

1. Visit TACSsale.com
2. Create a free account and register for the auction
3. Get approved and start bidding once the auction opens
4. Submit your bid manually or use the auto-bid feature
5. If you win, pay the full amount, including the 10% buyer’s premium and recording costs
6. Receive a Special Warranty Deed once payment clears

Expected Returns

Your returns depend on how much you pay and what the property is worth or can rent for. Many properties sell for well below market value, which leaves room for strong investment yields.

Foreign Investor Participation

There are no restrictions for foreign buyers. As long as you follow the auction process and submit your payment properly, you’re good to go.

Importance of Doing Your Homework

What Due Diligence Means

Before you bid, you should:

• Check the property using Henrico’s GIS system or view it in person
• Do a title search to check for easements or landlocking issues
• Review auction terms on the Henrico Finance website

Risks If You Skip Due Diligence

If you don’t do your research, you could end up with a landlocked property or one that’s not usable. And because sales are final and binding, there’s no going back.

Buying Over-the-Counter (OTC) in Henrico

Right now, Henrico County only sells properties via auction, so there are no OTC (over-the-counter) deed options. But unsold properties may be re-listed in future auctions.

Why Virginia Stands Out

Economic and Tax Advantages

Virginia has a strong, balanced economy, and counties like Henrico have low tax rates, making investment more profitable.

Real Estate Market Overview

Henrico has a steady demand for housing. Whether you’re flipping or renting, properties here usually retain or grow in value.

Conclusion

Henrico County, Virginia, is a solid place to look for tax deed investment opportunities. With an easy-to-follow online auction process, clear rules, and support for both local and international investors, it’s a good market to explore.

Just remember—always do your research. Make sure you know what you’re buying and have your funds ready to pay.

Pro Tips

• Register early and get familiar with TACSsale.com before the auction opens
• Walk or view the property from public roads
• Get a title search done to avoid surprises
• Don’t overbid—set a budget and stick to it

FAQs

Q: Can I attend the auction in person?
A: No. All auctions are held online at TACSsale.com

Q: Are there any hidden fees?
A: There’s a 10% buyer’s premium and deed recording cost. Taxes are prorated from the auction date.

Q: Do I need to be a Virginia resident to bid?
A: No. Anyone can register and bid, including out-of-state and foreign investors.

Q: Is financing allowed?
A: No. All sales must be paid in full using certified funds. Financing is your responsibility and must be arranged in advance.

Q: What if I don’t pay after winning?
A: You will lose any money paid and may face legal consequences.

Useful Links

• Henrico County Tax Deed Sale Info
• TACS Auction Platform
• Henrico County Finance Dept.
• TACS Henrico Sale Details
• 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! 

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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