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 841 residential sales between Jul 19, 2017 and Jul 18, 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% 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
55% 66% 73%
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
3% 5% 7%
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% 45%
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
Jul 18, 2018 525 Main St, Mount Crawford, VA 22841 $130,000 $110,500 118%
Jul 18, 2018 1118 Royal Ct, Harrisonburg, VA 22802 $217,000 $188,200 115%
Jul 18, 2018 470 Callaway Cir, Harrisonburg, VA 22801 $290,000 $263,300 110%
Jul 17, 2018 184 Logan Ln, Harrisonburg, VA 22801 $101,500 $71,800 141%
Jul 17, 2018 1290 Old Richmond Cir, Harrisonburg, VA 22802 $159,000 $143,400 111%
Jul 17, 2018 305 West Bank St, Bridgewater, VA 22812 $325,000 $263,300 123%
Jul 16, 2018 21 Port Republic Rd, Harrisonburg, VA 22801 $218,000 $199,800 109%
Jul 16, 2018 203 Aspen Ave, Grottoes, VA 24441 $131,955 $135,200 98%
Jul 16, 2018 117 Vancouver Ct, Mcgaheysville, VA 22840 $330,000 $269,300 123%
Jul 16, 2018 292 Emerald Dr, Harrisonburg, VA 22801 $197,760 $180,100 110%
Jul 16, 2018 47 Mill Ln, Elkton, VA 22827 $172,800 $96,000 180%
Jul 16, 2018 450 Confederacy Dr, Penn Laird, VA 22846 $338,500 $291,300 116%
Jul 16, 2018 17792 Old Barn Ln, Elkton, VA 22827 $60,100 $110,700 54%
Jul 16, 2018 150 Sunset Dr, Dayton, VA 22821 $238,100 $194,200 123%
Jul 16, 2018 228 Penn Ct, Mcgaheysville, VA 22840 $161,500 $143,400 113%
Jul 13, 2018 1046 Molly Pitcher Pl, Harrisonburg, VA 22801 $149,900 $137,600 109%
Jul 13, 2018 11537 Battery Heights Ln, Port Republic, VA 24471 $340,000 $227,800 149%
Jul 13, 2018 470 Hickory Grove Cir, Harrisonburg, VA 22801 $210,000 $206,500 102%
Jul 13, 2018 12808 Hisers Ln, Broadway, VA 22815 $299,500 $169,200 177%
Jul 12, 2018 6630 Spotswood Trl, Penn Laird, VA 22846 $191,700 $135,900 141%
Jul 12, 2018 248 Windsong Hills Dr, Elkton, VA 22827 $240,000 $218,700 110%
Jul 12, 2018 163 South Main St, Mount Crawford, VA 22841 $95,000 $90,700 105%
Jul 12, 2018 455 E Elizabeth St, Harrisonburg, VA 22802 $149,900 $122,400 122%
Jul 12, 2018 1039 John Paul Jones Ln, Harrisonburg, VA 22802 $170,000 $149,500 114%
Jul 11, 2018 3693 Lairds Knob Dr, Keezletown, VA 22832 $380,000 $235,700 161%
 
 

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