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 836 residential sales between Aug 16, 2017 and Aug 15, 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
113% 118% 121%
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
55% 65% 72%
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
2% 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
17% 34% 46%
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 15, 2018 3955 Dixie Ridge Run Rd, Penn Laird, VA 22846 $370,000 $280,300 132%
Aug 15, 2018 2049 Buttonwood Ct, Harrisonburg, VA 22802 $208,500 $195,000 107%
Aug 15, 2018 247 Rayann Ln, Broadway, VA 22815 $205,000 $146,000 140%
Aug 14, 2018 1191 Dogwood Dr, Harrisonburg, VA 22801 $362,000 $302,400 120%
Aug 14, 2018 213 Timber Way, Broadway, VA 22815 $125,500 $91,500 137%
Aug 13, 2018 7550 Wright Cir, Bridgewater, VA 22812 $200,000 $138,300 145%
Aug 10, 2018 5679 Jesse Bennett Way, Linville, VA 22834 $138,000 $106,300 130%
Aug 9, 2018 466 Elm St, Broadway, VA 22815 $228,500 $182,900 125%
Aug 8, 2018 6729 Artillery Rd, Port Republic, VA 24471 $355,000 $263,200 135%
Aug 8, 2018 103 Willow Dr, Dayton, VA 22821 $260,000 $198,300 131%
Aug 8, 2018 17743 Sundance Forest Rd, Broadway, VA 22815 $75,000 $74,800 100%
Aug 7, 2018 879 Collicello St, Harrisonburg, VA 22802 $177,000 $154,400 115%
Aug 6, 2018 90 Cottonwood Ave, Grottoes, VA 24441 $130,000 $143,500 91%
Aug 5, 2018 1702 Dogwood Ave, Grottoes, VA 24441 $175,000 $105,200 166%
Aug 3, 2018 487 Mason St, Harrisonburg, VA 22801 $360,000 $309,100 116%
Aug 3, 2018 403 Essex St, Broadway, VA 22815 $220,000 $181,300 121%
Aug 2, 2018 2387 Breckenridge Ct, Harrisonburg, VA 22801 $149,900 $129,100 116%
Aug 2, 2018 581 Broadview Dr, Harrisonburg, VA 22802 $201,000 $188,700 107%
Aug 2, 2018 4122 Big Run Dr, Elkton, VA 22827 $389,000 $287,800 135%
Aug 1, 2018 1704 Fox Ln, Harrisonburg, VA 22801 $249,900 $178,400 140%
Aug 1, 2018 3679 Beulah Rd, Keezletown, VA 22832 $620,000 $420,900 147%
Aug 1, 2018 303 Turkey Dr, Mcgaheysville, VA 22840 $225,000 $210,500 107%
Aug 1, 2018 3865 Track Side Dr, Elkton, VA 22827 $564,000 $304,300 185%
Aug 1, 2018 2382 Alston Cir, Harrisonburg, VA 22801 $317,500 $289,500 110%
Jul 31, 2018 160 Jessica Dr, Penn Laird, VA 22846 $335,000 $299,100 112%
 
 

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