Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
Harrisonburg Assessments
 A service of Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group 540.578.0102 | scott@HarrisonburgHousingToday.com 

Find the Assessed Value of Your Home
Harrisonburg Assessments

Assessed Value - the value assigned to a property by the local assessor's office, to determine how much you will pay in taxes.

Market Value - the price for which a property would sell in the current real estate market.

The Assessed Value of your home is not necessarily equal to the Market Value of your home.

Find the Assessed Value of Your Home

To better understand this relationship, let's compare ACTUAL SALES PRICES to ASSESSED VALUES in Harrisonburg and Rockingham County....

Assessed Values vs. Actual Sales Prices
Analysis based on 904 residential sales between Mar 25, 2016 and Mar 24, 2017 in the City of Harrisonburg and Rockingham County as reported in the HRAR MLS

THE BIG PICTURE
properties in the   properties in
CITY OF HARRISONBURG ALL PROPERTIES ROCKINGHAM COUNTY
sell for an average of sell for an average of sell for an average of
105% 110% 114%
of their assessed value of their assessed value of their assessed value
 

BUT SOME PROPERTIES SELL FOR AT LEAST 10% MORE THAN THEIR ASSESSED VALUE
28% 45% 57%
of properties in the of of properties in
CITY OF HARRISONBURG ALL PROPERTIES ROCKINGHAM COUNTY
sold for at least 10% more than sold for at least 10% more than sold for at least 10% more than
their assessed value their assessed value their assessed value
 

BUT SOME PROPERTIES SELL FOR AT LEAST 10% LESS THAN THEIR ASSESSED VALUE
9% 11% 13%
of properties in the of of properties in
CITY OF HARRISONBURG ALL PROPERTIES ROCKINGHAM COUNTY
sold for less than 90% of sold for less than 90% of sold for less than 90% of
their assessed value their assessed value their assessed value
 

AND SOMETIMES THINGS GET REALLY WACKY
10% 23% 31%
of properties in the of of properties in
CITY OF HARRISONBURG ALL PROPERTIES ROCKINGHAM COUNTY
sold for at least sold for at least sold for at least
25% more or less than 25% more or less than 25% more or less than
their assessed value their assessed value their assessed value
 

JUST FOR FUN, LET'S EXAMINE SOME RECENT SALES
     
 
Sales Date Address Sales Price Assessed Value Price / Value
Mar 24, 2017 185 Clara Ct, Harrisonburg, VA 22802 $194,500 $147,600 132%
Mar 24, 2017 3005 Diamond Spring Ln, Harrisonburg, VA 22801 $181,000 $165,800 109%
Mar 24, 2017 484 Brocks Gap Rd, Broadway, VA 22815 $208,000 $153,900 135%
Mar 22, 2017 1310 Bradley Dr, Harrisonburg, VA 22801 $115,000 $76,800 150%
Mar 21, 2017 231 Bush Dr, Broadway, VA 22815 $327,500 $295,800 111%
Mar 21, 2017 108 West View St, Bridgewater, VA 22812 $205,000 $188,600 109%
Mar 20, 2017 816 Vine St, Harrisonburg, VA 22802 $99,000 $102,300 97%
Mar 20, 2017 19353 North Mountain Rd, Timberville, VA 22853 $159,500 $118,500 135%
Mar 17, 2017 1270 Old Richmond Cir, Harrisonburg, VA 22802 $155,000 $158,600 98%
Mar 17, 2017 206 Kensington Dr, Elkton, VA 22827 $249,000 $214,700 116%
Mar 17, 2017 27 Cantermill Ln, Mount Crawford, VA 22841 $157,500 $153,000 103%
Mar 16, 2017 204 Hartman Dr, Harrisonburg, VA 22802 $150,000 $140,900 106%
Mar 16, 2017 3801 Track Side Dr, Elkton, VA 22827 $334,000 $256,300 130%
Mar 15, 2017 1931 Russell Dr, Harrisonburg, VA 22801 $220,000 $209,500 105%
Mar 15, 2017 190 Pleasant Ln, Mcgaheysville, VA 22840 $226,000 $180,800 125%
Mar 13, 2017 507 Mt Olivet Church Rd, Elkton, VA 22827 $385,000 $362,000 106%
Mar 13, 2017 1223 Country Club Ct, Harrisonburg, VA 22802 $88,000 $97,800 90%
Mar 13, 2017 115 Cindie Ln, Bridgewater, VA 22812 $168,500 $139,800 121%
Mar 13, 2017 843 Star Crest Dr, Harrisonburg, VA 22802 $224,000 $200,900 111%
Mar 10, 2017 501 Fourth St, Elkton, VA 22827 $216,000 $136,800 158%
Mar 10, 2017 178 Quarry Ln, Mcgaheysville, VA 22840 $300,000 $258,000 116%
Mar 9, 2017 18794 Mountain Valley Rd, New Market, VA 22844 $381,500 $528,000 72%
Mar 8, 2017 121 Suter St, Harrisonburg, VA 22802 $115,900 $117,300 99%
Mar 7, 2017 5082 Orchard Dr, Timberville, VA 22853 $129,500 $102,400 126%
Mar 6, 2017 3070 Hopkins Dr, Mcgaheysville, VA 22840 $176,000 $164,800 107%
 
 

 
Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.

 
Site Content and Analysis provided by Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
 
© 2017 Scott P. Rogers, All Rights Reserved  •  IDX Data Managed By Funkhouser Real Estate Group  •  Licensed in the Commonwealth of Virginia
401 University Blvd Harrisonburg, VA 22801

 

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