Everything You Need to Know About Buying Property at Smyth County Tax Auctions

If you’re looking for low-cost property with the potential for solid returns, Smyth County, Virginia, is worth your attention. Located in the scenic southwest region of the state, this county offers tax deed sales that could help you grow your real estate portfolio without breaking the bank.

Let’s walk through everything you need to know about tax deed investing in Smyth County, including sale details, how it works, and what makes it attractive to investors.

Overview of Virginia’s Tax Sale System

Virginia uses a tax deed system. This means when someone doesn’t pay their property taxes, the county can eventually sell the property itself through a public auction. Investors can purchase these properties outright. The process can be either judicial (involving the court) or non-judicial (handled directly by the county treasurer).

Important Tax Deed Sale Details for Smyth County, Virginia

Here’s a quick breakdown of the most important information about tax sales in Smyth County:

Detail	Description
Tax Sale Type	Tax Deed Sale
Typical Sale Date	Varies.
Redemption Period	None
Interest Rate	Not applicable for deed sales
Bid Procedure	Premium bid (highest bid wins)
Deposit	Judicial: 25% or $1,000 minimum. Non-judicial: Full payment due immediately
Buyer’s Premium	10%
Payment Method	Certified funds (wire, cashier’s check, or money order)
Auction Type	In-person
Auction Location	Holston Hills Country Club, 1000 Country Club Rd, Marion, VA 24354; Counts Auction
Tax Sale Info & Registration	TaxVA
Treasurer’s Office	Smyth Treasurer’s Office
County Website	Smyth County

How Virginia Stands Out for Tax Sale Investing

• No redemption period in deed sales means you take full ownership after purchase.
• You can choose between judicial and non-judicial sales, depending on the situation.
• Sales are open to everyone—including out-of-state and international buyers.
• Low property costs and fewer buyers in rural areas like Smyth County make competition less intense.

What Makes Smyth County Worth Watching

Smyth County is in the Blue Ridge Mountains and offers a lot of value if you’re looking to pick up land for cheap. With less competition and lower prices than urban areas, it’s a good place for entry-level investors or people wanting to buy and hold land.

Quick tip: All properties are sold as-is. Always research before you bid. Check title history, view the property, and make sure it’s something you actually want.

Fun Facts About Virginia

• Population: About 8.6 million
• Nickname: Old Dominion
• Property Tax: Among the lowest in the U.S.
• Virginia was home to the first permanent English colony in America—Jamestown, founded in 1607.
• The state allows counties to begin the sale process after just 2 years of delinquent taxes in some cases.

Real Estate and Local Appeal in Smyth County

Smyth County is a mix of nature, history, and small-town charm. It’s especially known for its access to the outdoors and quiet living.

Popular Attractions

• Hungry Mother Stat
• Back of the Dragon Motorcycle Trail
• Lincoln Theatre

Transportation

• Interstate 81 runs through Marion, making travel easy
• Closest airports: Tri-Cities Airport (TN) and Roanoke-Blacksburg Regional

Economic Drivers

• Agriculture
• Tourism
• Light manufacturing
• Local businesses and services

Community Life

• Great for outdoor lovers
• Cost of living is low
• Strong sense of local community

How the Auction Works in Smyth County

There are two types of tax deed sales:

Judicial Sales

• Handled with court approval
• Require 25% deposit or $1,000 minimum at auction
• Remaining payment due within 15 days
• Sale is managed by a Special Commissioner

Non-Judicial Sales

• Managed by the county treasurer without court involvement
• Full payment due right after the sale
• Faster process, but still sold as-is

Important Reminder: Both sale types come with no warranties, and buyers are expected to do all research ahead of time.

Expected Returns and Risks

Tax deed investing in Virginia can bring in strong returns if done right. Some properties resell for several times the purchase price, especially if bought below market value.

But there are risks:

• Property may have damage
• No title insurance unless cleared separately
• Hidden costs like liens or utility bills

Buying Over-the-Counter (OTC) in Virginia

Properties that don’t sell at auction can be offered over the counter (OTC).

OTC Benefits:

• No competitive bidding
• Fixed pricing
• More time to review property details

You can check TaxVA’s website for available OTC properties.

Why Virginia Is a Great Choice for Investors

Virginia’s tax deed system is simple, open to all investors, and provides full ownership of property. The mix of low tax rates, property availability, and a clear legal process make it an ideal state for anyone looking to enter the tax deed market.

Conclusion: Why Invest in Smyth County?

Smyth County offers:

• Lower competition than metro areas
• Affordable rural land
• Regular opportunities for tax deed sales
• Clear legal path to property ownership

Just remember—research is everything. Look into each property, understand the local rules, and be ready with your funds.

Pro Tips

• Sign up early to get auction notices
• Always visit or research the property in advance
• Read sale terms carefully—each sale is different
• Watch for OTC opportunities after auctions

Frequently Asked Questions

Can I invest if I live in another state or country?
Yes, Virginia allows all investors, including international ones.

Do I have to attend the auction in person?
Yes, in Smyth County, auctions are held in person.

Can I finance the purchase?
No. You must use your own funds. Financing is not considered.

Is there a redemption period?
No. You get the deed once payment is made and the sale is confirmed.

Where can I find available properties?
Visit Counts Auction and TaxVA for property listings and updates.

Useful Links

• Smyth County Website
• Treasurer’s Office
• TaxVA – Tax Sale Info
• Counts Auction – Upcoming Sales
• 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! 

Don’t Miss Your Investment Opportunity!

Smyth County tax sales offer great opportunities for investors. Visit our auction calendar to explore properties, and take advantage of our free resources. Need advice? Book a call with an expert. If you need assistance, book a call with an expert today!

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