Virginia Expands Law Allowing Nonjudicial Property Tax Sales for Delinquent Property Taxes

The Virginia Governor signed a law expanding provisions allowing for the nonjudicial sale of certain property for delinquent property taxes. The law authorizes the nonjudicial sale of real property assessed at more than $25,000 but no more than $40,000 if: 1) the taxes are delinquent for at least three years; 2) the property is not subject to a recorded mortgage or deed of trust lien; and 3) such property is unimproved, one-half acre or less in size, and located within a designated urban redevelopment or revitalization zone. The law takes effect on July 1, 2024. [H.B. 258, enacted 04/08/24]

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