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 885 residential sales between May 23, 2016 and May 22, 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
106% 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
32% 47% 58%
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% 12% 14%
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
11% 24% 33%
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
May 22, 2017 184 Main St, Timberville, VA 22853 $117,000 $132,000 89%
May 22, 2017 720 Stone Spring Rd, Harrisonburg, VA 22801 $288,000 $235,700 122%
May 22, 2017 451 Myers Ave, Harrisonburg, VA 22802 $315,000 $283,900 111%
May 22, 2017 160 Cantermill Ln, Mount Crawford, VA 22841 $461,500 $424,900 109%
May 19, 2017 538 Bedrock Ln, Mcgaheysville, VA 22840 $325,000 $253,900 128%
May 19, 2017 1861 Park Rd, Harrisonburg, VA 22802 $290,000 $293,400 99%
May 19, 2017 336 Cub Ln, Mcgaheysville, VA 22840 $234,900 $198,900 118%
May 19, 2017 16420 Evergreen Valley Rd, Timberville, VA 22853 $80,000 $119,700 67%
May 19, 2017 179 Emerald Dr, Harrisonburg, VA 22801 $183,900 $165,700 111%
May 18, 2017 3070 Legion Way, Broadway, VA 22815 $167,800 $152,600 110%
May 18, 2017 412 Glenfield Ct, Harrisonburg, VA 22802 $149,900 $149,100 101%
May 17, 2017 309 Joyce Dr, Bridgewater, VA 22812 $165,000 $147,800 112%
May 17, 2017 2360 Avalon Woods Dr, Harrisonburg, VA 22801 $133,000 $125,200 106%
May 16, 2017 138 Lynden Pl, Harrisonburg, VA 22801 $203,000 $195,700 104%
May 16, 2017 442 Queen Anne Ct, Harrisonburg, VA 22801 $323,000 $294,800 110%
May 15, 2017 6993 Rawley Pike, Hinton, VA 22831 $310,000 $207,500 149%
May 15, 2017 1705 Holly Ave, Grottoes, VA 24441 $281,000 $252,300 111%
May 15, 2017 815 Country Club Rd, Harrisonburg, VA 22802 $196,000 $174,300 112%
May 15, 2017 1123 Paul Revere Ct, Harrisonburg, VA 22802 $140,500 $125,300 112%
May 15, 2017 6599 Azalea Ln, Dayton, VA 22821 $92,100 $98,100 94%
May 15, 2017 231 Mill Ln, Elkton, VA 22827 $138,000 $91,700 150%
May 12, 2017 152 Elk Ln, Mcgaheysville, VA 22840 $245,000 $208,100 118%
May 12, 2017 744 Main St, Harrisonburg, VA 22802 $199,875 $157,600 127%
May 12, 2017 1229 River Rd, Elkton, VA 22827 $318,000 $163,800 194%
May 12, 2017 739 Woodland Dr, Harrisonburg, VA 22801 $179,000 $153,200 117%
 
 

 
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

 

Additional Harrisonburg Real Estate Resources....
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