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 781 residential sales between Nov 18, 2016 and Nov 17, 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
109% 114% 117%
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
43% 56% 65%
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
8% 10% 11%
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
12% 28% 39%
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 17, 2017 8736 Briery Branch Rd, Dayton, VA 22821 $128,500 $99,200 130%
Nov 16, 2017 305 Homestead Dr, Bridgewater, VA 22812 $231,500 $174,600 133%
Nov 16, 2017 761 Merlins Way, Harrisonburg, VA 22801 $150,000 $140,800 107%
Nov 15, 2017 1348 Sparrow Ct, Harrisonburg, VA 22802 $302,000 $278,900 108%
Nov 15, 2017 266 Quail Ct, Mcgaheysville, VA 22840 $237,500 $200,900 118%
Nov 15, 2017 110 Ashby St, Bridgewater, VA 22812 $140,000 $125,000 112%
Nov 15, 2017 852 Camelot Ln, Harrisonburg, VA 22801 $150,000 $131,200 114%
Nov 14, 2017 1114 Moore St, Harrisonburg, VA 22802 $140,000 $150,300 93%
Nov 13, 2017 14618 Vinny Ct, Elkton, VA 22827 $220,000 $135,400 162%
Nov 13, 2017 133 Page Ct, Mcgaheysville, VA 22840 $120,000 $127,000 94%
Nov 13, 2017 4037 Cannery Woods Dr, Bridgewater, VA 22812 $331,000 $250,100 132%
Nov 10, 2017 469 Preston Dr, Harrisonburg, VA 22801 $432,434 $337,400 128%
Nov 10, 2017 1160 Springfield Dr, Harrisonburg, VA 22801 $268,000 $257,100 104%
Nov 10, 2017 1444 Bradley Dr, Harrisonburg, VA 22801 $105,000 $76,800 137%
Nov 9, 2017 14284 Trailing Ivy Ln, Fulks Run, VA 22830 $120,000 $49,500 242%
Nov 9, 2017 9747 Town Hall Rd, Mcgaheysville, VA 22840 $182,000 $133,100 137%
Nov 9, 2017 465 Confederacy Dr, Penn Laird, VA 22846 $365,000 $346,400 105%
Nov 8, 2017 251 Dylan Cir, Bridgewater, VA 22812 $225,000 $196,800 114%
Nov 6, 2017 621 Liberty St, Harrisonburg, VA 22802 $190,000 $167,500 113%
Nov 6, 2017 109 College St, Bridgewater, VA 22812 $230,000 $186,800 123%
Nov 6, 2017 146 Bonnie Ct, Mcgaheysville, VA 22840 $342,500 $157,400 218%
Nov 6, 2017 2568 North East Side Hwy, Elkton, VA 22827 $180,000 $108,800 165%
Nov 3, 2017 8658 Canine Dr, Timberville, VA 22853 $146,000 $189,000 77%
 
 

 
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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