Looking to buy a piece of property in Richmond at a tax auction?
More than a hundred homes in Richmond were advertised a week ago to be auctioned off due to unpaid property taxes.
Since then, however, most of the owners have resolved their tax issues, according to the city, and the number of properties for sale at a public auction on Monday in city council chambers continues to dwindle as city staff clear up the arrears.
The ad listing more than 100 delinquent properties was in the Richmond News’ Sept. 14 edition.
The public auction is scheduled to start at 10 a.m. and costs $180 to register.
Those who bid on a property need to pay immediately.
The original owner, however, has one year to redeem the property if they pay back all outstanding charges and interest costs.
The city noted it’s rare that properties with a building or structure change hands at tax sales.
According to the community charter, municipalities are required to hold a tax sale on the last Monday of September for any properties whose taxes were two years delinquent on the first of the year.