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 909 residential sales between Feb 16, 2016 and Feb 14, 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
105% 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
26% 45% 57%
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% 11% 13%
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
9% 22% 31%
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
Feb 14, 2017 4164 Palmer Rd, Mcgaheysville, VA 22840 $355,000 $217,100 164%
Feb 14, 2017 1213 Indian Trail Rd, Keezletown, VA 22832 $700,000 $600,600 117%
Feb 14, 2017 405 Glenfield Ct, Harrisonburg, VA 22802 $126,000 $105,100 120%
Feb 13, 2017 84 Laurel St, Harrisonburg, VA 22801 $261,500 $226,900 115%
Feb 13, 2017 174 Magnolia Ct, Mcgaheysville, VA 22840 $176,450 $145,900 121%
Feb 9, 2017 5810 John Wayland Hwy, Bridgewater, VA 22812 $371,000 $151,800 244%
Feb 8, 2017 685 Bartlett Ct, Harrisonburg, VA 22801 $247,500 $248,900 99%
Feb 8, 2017 168 Alger Ln, Broadway, VA 22815 $121,000 $114,400 106%
Feb 7, 2017 128 Ashby Rd, Mcgaheysville, VA 22840 $186,500 $166,300 112%
Feb 7, 2017 142 Alger Ln, Broadway, VA 22815 $128,000 $119,200 107%
Feb 7, 2017 832 Vine St, Harrisonburg, VA 22802 $93,000 $103,500 90%
Feb 6, 2017 1871 Manor Dr, Harrisonburg, VA 22801 $245,000 $217,500 113%
Feb 3, 2017 1046 Alexander Hamilton Ln, Harrisonburg, VA 22802 $132,500 $125,200 106%
Feb 1, 2017 4704 Palmer Rd, Mcgaheysville, VA 22840 $113,000 $140,500 80%
Feb 1, 2017 255 Fourth St, Broadway, VA 22815 $174,900 $128,000 137%
Feb 1, 2017 317 Maple Ln, Dayton, VA 22821 $55,000 $91,400 60%
Jan 27, 2017 14524 Mountain Valley Rd, Broadway, VA 22815 $159,900 $150,000 107%
Jan 27, 2017 102 Cindie Ln, Bridgewater, VA 22812 $115,000 $142,500 81%
Jan 27, 2017 1430 Bradley Dr, Harrisonburg, VA 22801 $110,000 $76,800 143%
Jan 27, 2017 349 Chicago Ave, Harrisonburg, VA 22801 $127,000 $114,000 111%
Jan 27, 2017 315 High St, Harrisonburg, VA 22802 $212,500 $183,300 116%
Jan 26, 2017 750 Roosevelt St, Harrisonburg, VA 22801 $149,000 $136,700 109%
Jan 26, 2017 390 Mill St, Dayton, VA 22821 $229,900 $171,700 134%
Jan 26, 2017 2400 Hopkins Dr, Mcgaheysville, VA 22840 $286,000 $220,300 130%
Jan 25, 2017 1406 Founders Way, Harrisonburg, VA 22801 $158,000 $147,500 107%
 
 

 
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

 

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