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 784 residential sales between Feb 24, 2017 and Feb 23, 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
110% 115% 118%
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
47% 60% 68%
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
6% 8% 10%
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
13% 29% 40%
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 23, 2018 500 Dry Meadow Rd, Mcgaheysville, VA 22840 $325,000 $245,200 133%
Feb 23, 2018 275 Johnson St, Harrisonburg, VA 22802 $139,900 $120,900 116%
Feb 22, 2018 4007 Pineville Rd, Port Republic, VA 24471 $205,000 $144,900 141%
Feb 22, 2018 4467 Lams Haven Ln, Elkton, VA 22827 $80,000 $123,900 65%
Feb 21, 2018 2992 Lawyer Rd, Mcgaheysville, VA 22840 $417,000 $254,400 164%
Feb 21, 2018 98 Dogwood Dr, Bridgewater, VA 22812 $360,000 $283,400 127%
Feb 20, 2018 503 Riverside Dr, Bridgewater, VA 22812 $198,000 $144,700 137%
Feb 20, 2018 1121 Paul Revere Ct, Harrisonburg, VA 22802 $151,000 $128,100 118%
Feb 16, 2018 1021 Taliaferro Dr, Harrisonburg, VA 22802 $235,600 $192,700 122%
Feb 16, 2018 13447 Timber Way, Broadway, VA 22815 $169,900 $138,400 123%
Feb 16, 2018 500 Collicello St, Harrisonburg, VA 22802 $206,500 $195,800 105%
Feb 16, 2018 2031 Russell Dr, Harrisonburg, VA 22801 $250,000 $207,000 121%
Feb 15, 2018 119 Sunbright Dr, Bridgewater, VA 22812 $380,000 $328,900 116%
Feb 15, 2018 175 Ashby St, Dayton, VA 22821 $154,000 $103,000 150%
Feb 14, 2018 5138 Dogwood Ct, Timberville, VA 22853 $169,900 $128,800 132%
Feb 14, 2018 2715 Lanier Ln, Mcgaheysville, VA 22840 $140,611 $179,100 79%
Feb 12, 2018 255 Betts Rd, Harrisonburg, VA 22802 $445,000 $442,100 101%
Feb 12, 2018 115 Willow St, Harrisonburg, VA 22801 $242,500 $190,600 127%
Feb 12, 2018 936 Oak Hill Dr, Harrisonburg, VA 22801 $424,900 $327,700 130%
Feb 12, 2018 185 Griffin Ln, Broadway, VA 22815 $121,000 $101,000 120%
Feb 9, 2018 1315 Lakeview Cir, Harrisonburg, VA 22801 $311,000 $252,200 123%
Feb 9, 2018 114 Lewis Ave, Elkton, VA 22827 $121,000 $90,600 134%
Feb 9, 2018 1643 Island Ford Rd, Elkton, VA 22827 $600,000 $497,600 121%
Feb 9, 2018 8139 Port Republic Rd, Port Republic, VA 24471 $217,000 $176,300 123%
 
 

 
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
 
© 2018 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 JustSoldInHarrisonburg.com HarrisonburgPropertyTransfers.com HarrisonburgNeighborhoods.com HarrisonburgTownhouses.com HarrisonburgInvestmentProperties.com WalkThroughThisHome.com HarrisonburgAssessments.com BestDealsInHarrisonburg.com HarrisonburgForeclosures.com

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