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 853 residential sales between Nov 15, 2017 and Nov 14, 2018 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
114% 119% 122%
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
60% 68% 74%
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
4% 6% 8%
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
19% 38% 51%
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
Nov 14, 2018 526 Collicello St, Harrisonburg, VA 22802 $150,000 $136,200 110%
Nov 14, 2018 166 Fridley Ct, Mcgaheysville, VA 22840 $173,500 $137,400 126%
Nov 13, 2018 256 Telluride Dr, Broadway, VA 22815 $145,000 $158,800 91%
Nov 13, 2018 3199 Lawyer Rd, Mcgaheysville, VA 22840 $1,069,000 $959,300 111%
Nov 12, 2018 326 Ashby St, Dayton, VA 22821 $154,900 $141,000 110%
Nov 12, 2018 1281 Old Richmond Cir, Harrisonburg, VA 22802 $175,000 $165,900 105%
Nov 9, 2018 1464 Hillside Ave, Harrisonburg, VA 22801 $230,000 $198,500 116%
Nov 9, 2018 241 Captain Shands Rd, Weyers Cave, VA 24486 $305,000 $213,400 143%
Nov 9, 2018 218 Wakefield Pl, Harrisonburg, VA 22801 $139,900 $119,200 117%
Nov 8, 2018 7975 Mudhole Ln, Bridgewater, VA 22812 $182,000 $121,500 150%
Nov 8, 2018 601 College View Dr, Bridgewater, VA 22812 $375,000 $339,200 111%
Nov 6, 2018 327 Dry River Rd, Bridgewater, VA 22812 $255,000 $183,400 139%
Nov 6, 2018 120 Ashby Ave, Harrisonburg, VA 22802 $194,900 $151,200 129%
Nov 5, 2018 8150 Briery Branch Rd, Dayton, VA 22821 $185,000 $156,100 119%
Nov 5, 2018 822 Camelot Ln, Harrisonburg, VA 22801 $157,900 $137,200 115%
Nov 5, 2018 4598 North Valley Pike, Harrisonburg, VA 22802 $208,000 $139,600 149%
Nov 2, 2018 230 Rockingham Dr, Harrisonburg, VA 22802 $144,000 $133,500 108%
Nov 2, 2018 1422 Bradley Dr, Harrisonburg, VA 22801 $125,000 $76,800 163%
Nov 2, 2018 10246 Mcgaheysville Rd, Mcgaheysville, VA 22840 $125,000 $85,800 146%
Nov 1, 2018 2654 Mountain Dr, Mcgaheysville, VA 22840 $230,000 $193,400 119%
Nov 1, 2018 1931 Rhianon Ln, Harrisonburg, VA 22801 $354,000 $319,700 111%
Oct 31, 2018 325 North River Rd, Bridgewater, VA 22812 $322,000 $248,500 130%
Oct 31, 2018 300 New York Ave, Harrisonburg, VA 22801 $255,000 $193,600 132%
 
 

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