West Virginia Tax Lien Sales
In this video we teach about Tax Sale Investing in the State of West Virginia. West Virignia is primarily a tax lien state although some tax deeds are offered. In a tax lien state, a priority lien against the property is sold to an investor giving the investor the right to collection the back due taxes and earn interest. In the event this lien does not get paid, the investor could foreclose it to gain ownership of the property. The tax deed process is where the actual property is sold for failure to pay taxes instead of just a lien.
- Tax Lien State Primarily, but Tax Deeds are Also Sold
- Liens Sold Between 10/17 - 11/24
- Premium Bid System
- Redemption Period: 18 Months
- If Redeemed, Investor Receive their Investment Plus 1% per month on Face Value of Lien
- Overbid is returned, without interest.
- Unsold liens held by state for 18 months. If not redeemed, they are sold as tax deeds.
- State Land Commissioner Handles Tax Deed Sales
West Virginia Counties & Populations:
1 Kanawha County 183,293
2 Berkeley County 114,920
3 Monongalia County 105,030
4 Cabell County 94,958
5 Wood County 85,104
6 Raleigh County 75,022
7 Harrison County 67,811
8 Mercer County 59,753
9 Putnam County 56,792
10 Jefferson County 56,338
11 Marion County 56,337
12 Fayette County 43,521
13 Ohio County 42,035
14 Wayne County 40,153
15 Greenbrier County 35,287
16 Preston County 33,679
17 Logan County 32,925
18 Marshall County 31,190
19 Hancock County 29,448
20 Jackson County 28,976
21 Randolph County 28,785
22 Mineral County 27,222
23 Mason County 26,801
24 Nicholas County 25,043
25 Upshur County 24,465
26 Mingo County 24,127
27 Hampshire County 23,471
28 Brooke County 22,443
29 Boone County 22,349
30 Wyoming County 21,210
31 Lincoln County 20,825
32 McDowell County 18,456
33 Morgan County 17,686
34 Taylor County 16,930
35 Barbour County 16,497
36 Lewis County 16,226
37 Wetzel County 15,437
38 Braxton County 14,237
39 Roane County 14,043
40 Hardy County 13,717
41 Monroe County 13,402
42 Summers County 12,993
43 Grant County 11,670
44 Ritchie County 9,774
45 Tyler County 8,795
46 Clay County 8,764
47 Doddridge County 8,560
48 Pocahontas County 8,456
49 Webster County 8,372
50 Gilmer County 8,005
51 Pleasants County 7,512
52 Calhoun County 7,307
53 Pendleton County 6,996
54 Tucker County 6,915
55 Wirt County 5,794