Sep 16, 2026 · 24 days ago
Common for insurable marketable title after VA city tax sales.
Virginia independent city (county-equivalent) judicial tax sale under §58.1-3965 et seq. City of Lynchburg may auction real estate after unsuccessful collection when taxes meet statutory delinquency thresholds. Treasurer/Real Estate Auction page describes judicial public auction process; sales scheduled when inventory and decrees are ready (not a weekly fixed courthouse tax sale). Watch lynchburgva.gov Real Estate Auction notices and TACS/taxva.com for multi-jurisdiction calendars. Central Virginia / Liberty University employment base.
Inherited from Virginia rather than researched for Lynchburg: type, redemption, returns, statute.
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Spread is not profit.It compares the opening bid to the county's assessed value, which is not market value — Va. Const. art. X, § 2: "All assessments of real estate and tangible personal property shall be at their fair market value, to be ascertained as prescribed by law." There is no classification and no ratio below full value, except the agricultural, horticultural, forest and open-space use-value deferral the same section authorises. Open a parcel to run the full max-bid analysis, which accounts for the assessment ratio, surviving liens, quiet title, and holding costs.