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 833 residential sales between Aug 12, 2016 and Aug 11, 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
107% 112% 115%
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
36% 51% 61%
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
10% 26% 37%
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
Aug 11, 2017 145 Sharon St, Harrisonburg, VA 22801 $246,000 $219,600 112%
Aug 11, 2017 1820 Cobblestone Dr, Harrisonburg, VA 22801 $155,000 $118,600 131%
Aug 11, 2017 112 Hill Ave, Elkton, VA 22827 $281,900 $150,300 188%
Aug 11, 2017 328 Emerald Dr, Harrisonburg, VA 22801 $198,000 $189,200 105%
Aug 11, 2017 793 Vine St, Harrisonburg, VA 22801 $125,000 $132,000 95%
Aug 11, 2017 10354 Whispering Pine Ln, Mcgaheysville, VA 22840 $260,400 $209,100 125%
Aug 10, 2017 169 Riverside Dr, Timberville, VA 22853 $127,900 $104,100 123%
Aug 10, 2017 9145 Fox Hill Dr, Port Republic, VA 24471 $320,000 $358,800 89%
Aug 10, 2017 1963 Buttonwood Ct, Harrisonburg, VA 22802 $210,000 $189,600 111%
Aug 7, 2017 408 10th St, Grottoes, VA 24441 $185,000 $139,700 132%
Aug 4, 2017 10572 Cook Town Rd, Bridgewater, VA 22812 $154,900 $89,000 174%
Aug 4, 2017 971 Craney Island Rd, New Market, VA 22844 $295,000 $255,700 115%
Aug 4, 2017 3449 Happy Valley Rd, Keezletown, VA 22832 $445,081 $361,800 123%
Aug 4, 2017 305 Tanager Ln, Elkton, VA 22827 $219,000 $191,900 114%
Aug 4, 2017 193 Riverside Dr, Timberville, VA 22853 $130,000 $136,500 95%
Aug 4, 2017 304 Quail Ct, Mcgaheysville, VA 22840 $227,550 $226,700 100%
Aug 4, 2017 2394 Breckenridge Ct, Harrisonburg, VA 22801 $146,000 $141,800 103%
Aug 4, 2017 528 Pheasant Run Cir, Harrisonburg, VA 22801 $149,000 $138,800 107%
Aug 4, 2017 5899 Donnagail Dr, Penn Laird, VA 22846 $202,900 $142,700 142%
Aug 3, 2017 848 Camelot Ln, Harrisonburg, VA 22801 $161,000 $145,200 111%
Aug 2, 2017 4305 Wiltshire St, Harrisonburg, VA 22802 $305,500 $283,400 108%
Aug 1, 2017 2589 Calico Dr, Broadway, VA 22815 $289,900 $150,700 192%
Aug 1, 2017 5067 Nicklaus Ln, Mcgaheysville, VA 22840 $220,000 $179,500 123%
Aug 1, 2017 4218 Cross Keys Rd, Mount Crawford, VA 22841 $265,000 $165,900 160%
 
 

 
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....
BuyingAHomeInHarrisonburg.com SellingAHomeInHarrisonburg.com ScottPRogers.com HarrisonburgHousingMarket.com HarrisonburgHousingToday.com NewListingsInHarrisonburg.com HarrisonburgInvestmentProperties.com HarrisonburgAssessments.com HarrisonburgTownhouses.com WalkThroughThisHome.com BestDealsInHarrisonburg.com HarrisonburgPropertyTransfers.com HarrisonburgForeclosures.com

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