Russell County Tax Auctions: Smart Investing in Southwest Virginia Real Estate

Introduction

Looking to get started with tax deed investing in Virginia? Russell County might be the right place for you. This quiet county in the southwestern part of the state holds regular tax deed auctions, offering great chances for both new and experienced investors.

A Quick Look at Tax Deed Investing in Virginia

In Virginia, tax deed sales let investors buy real estate outright when property owners don’t pay their taxes. The county sells these properties at public auctions. In Russell County, both judicial and non-judicial auctions are held, which means some sales go through the court and others don’t. Either way, if your bid wins and is confirmed, you become the property owner.

Important Details for Russell County Tax Deed Sales

Category	Details
Tax Sale Type	Tax Deed Sale
Sale Method	Judicial and Non-Judicial
Typical Sale Date	Varies – Check TaxVA
Redemption Period	None – Deed is issued after confirmation (for judicial sales)
Interest Rate	Not applicable
Bid Procedure	Premium bid (highest bid wins)
Deposit	25% or $1,000 minimum, not to exceed $20,000 per parcel
Buyer Premium	10% of winning bid, minimum $100
Auction Format	In-person or online via Mitchell Auction Firm
Treasurer’s Office	Visit the Russell County Treasurer
County Website	Russell County Government

Fun Facts About Virginia

• Statehood: Became a state in 1788.
• Population: Around 8.7 million people.
• Historic Property Laws: Virginia was one of the first states to use property taxes in the early 1700s.
• Presidential Connection: Eight U.S. Presidents were born in Virginia.

Local Highlights in Russell County

Popular Attractions

Nature lovers enjoy the Clinch River, Pinnacle Natural Area Preserve, and other parks. The area also has small museums and cultural events.

Transportation

Main travel is by car. U.S. Route 19 and Route 80 run through the county. Nearby regional airports and rail connections offer additional access.

Economic Development

The county is active in agriculture, energy (coal and natural gas), and small-scale manufacturing. There’s also growing interest in outdoor tourism.

Community Appeal

It’s a peaceful, affordable place with plenty of outdoor space. Perfect for those who enjoy fishing, hiking, or just want a slower pace of life.

Why Virginia is a Good Choice for Tax Deed Investors

Virginia is one of the more investor-friendly states for tax deed purchases. There’s no redemption period, and if you do your research, you can get real estate for less than market value. Russell County in particular is easy to navigate and has straightforward rules.

What Makes Russell County Tax Deed Sales Worthwhile?

High Returns with Lower Risk

Since you’re buying actual property and not just a lien, there’s less risk of losing your investment. If the property is in good shape, the returns can be solid — especially if you rent, improve, or resell it.

Auction Process

Sales are held in person and online. The highest bidder wins, and you don’t have to wait for a redemption period. For judicial sales, the court needs to approve the deal. After that, the deed is yours.

Open to Everyone

Both local and out-of-state investors can participate. You just need to register, be approved, and not owe any back taxes in the county.

Understanding the Russell County Tax Sale Process

Step-by-Step Guide

1. Register online at the Mitchell Auction Firm.
2. Review properties on TaxVA.
3. Do your homework – inspect and check the title if you can.
4. Bid at the auction – either in-person or online.
5. Pay the deposit and buyer’s premium if you win.
6. Complete payment after court approval (if it’s a judicial sale).

Due Diligence is Key

You should:

• Visit the property from the road.
• Hire someone to check the title.
• Make sure the property isn’t landlocked or full of legal problems.

Skipping this step can lead to expensive surprises.

Buying Over-the-Counter (OTC)

If a property doesn’t sell at auction, you may be able to buy it later directly from the county.

• Check availability at TaxVA.
• Benefits include no bidding wars, fixed pricing, and easier purchases.

Why Russell County is a Smart Investment

Local Economy and Tax Climate

Russell County has a low cost of living, a steady local economy, and a real estate market with room to grow. These are great signs for investors.

Property Values

With a median home value around $120,985 and a median rent of $1,006, there’s opportunity for both flips and rentals.

Conclusion

If you’re looking for affordable real estate with strong potential, Russell County is worth your attention. With no redemption period, easy-to-follow auction rules, and support from county staff, investing here can be both simple and rewarding.

Pro Tips

• Always read the auction terms before bidding.
• Stick to a budget and don’t get caught in a bidding war.
• If it’s your first auction, start with one property.
• Reach out to the county or auction firm if you have questions.

FAQs

Can anyone buy tax deed property in Russell County?
Yes, anyone who registers and doesn’t owe back taxes in the county can bid.

Is financing allowed?
No, you must pay with certified funds, money orders, checks, or wire transfers. No payment plans or loans.

Are the properties guaranteed to be buildable?
No. Some might be landlocked or have restrictions. That’s why research is so important.

How do I bid online?
Register and bid through Mitchell Auction Firm’s website.

What happens if a property doesn’t sell?
It may be listed for over-the-counter purchase. Check TaxVA for updates.

Useful Links

• Tax Sale Listings for Russell County
• Russell County Treasurer
• Russell County Government Site
• Auction Registration and Bidding
• 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! 

Ready to make a move in Russell County? Check the Auction calendar for what’s coming up. Our free resources offer guidance, and if you want support, you can book a call with an expert at any time.

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