Virginia property tax late penalties and interest
4 sourced points for Virginia, each linked to the official page it comes from.
- Each city or county sets its own late penalty by ordinance, but the penalty on late real estate tax can't be more than 10 percent of the tax past due. law.lis.virginia.govOct 21
- Interest on late tax can't be more than 10 percent a year. For the second and later years of delinquency, it can go up to the Internal Revenue Code rate or 10 percent, whichever is greater. law.lis.virginia.govOct 21
- No penalty is charged if the late payment wasn't your fault. law.lis.virginia.govOct 21
- If taxes are still delinquent on December 31 after the second anniversary of their due date, the locality can sell the property to collect them. law.lis.virginia.govOct 21