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 May 26, 2017 and May 25, 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
111% 117% 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
51% 64% 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
4% 6% 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
14% 31% 43%
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
May 25, 2018 142 Olivia Dawn Ln, Broadway, VA 22815 $142,900 $121,600 118%
May 25, 2018 1630 Indian Trail Rd, Keezletown, VA 22832 $99,900 $84,600 118%
May 25, 2018 833 Red Wing Ct, Harrisonburg, VA 22802 $260,000 $232,000 112%
May 25, 2018 485 West Ave, Harrisonburg, VA 22801 $150,500 $165,200 91%
May 24, 2018 1661 Buttonwood Ct, Harrisonburg, VA 22801 $124,000 $110,300 112%
May 22, 2018 7023 Misty Mountain Ln, Keezletown, VA 22832 $395,000 $425,500 93%
May 22, 2018 386 Acme Company St, Broadway, VA 22815 $214,000 $171,700 125%
May 21, 2018 205 Aspen Ave, Grottoes, VA 24441 $138,000 $135,200 102%
May 21, 2018 8329 South East Side Hwy, Elkton, VA 22827 $283,000 $203,300 139%
May 21, 2018 545 Pointe Dr, Harrisonburg, VA 22801 $197,000 $166,900 118%
May 18, 2018 31 Emery St, Harrisonburg, VA 22801 $230,000 $209,000 110%
May 18, 2018 1217 Settlers Ln, Harrisonburg, VA 22802 $168,000 $154,500 109%
May 18, 2018 950 Stuart St, Harrisonburg, VA 22802 $259,900 $185,900 140%
May 16, 2018 226 Fairfax Ave, Elkton, VA 22827 $129,900 $82,800 157%
May 16, 2018 358 Alleghany Dr, Mcgaheysville, VA 22840 $189,500 $146,300 130%
May 15, 2018 376 Blue Stone Hills Dr, Harrisonburg, VA 22801 $232,500 $202,200 115%
May 15, 2018 117 Powell Pl, Mcgaheysville, VA 22840 $215,250 $168,500 128%
May 15, 2018 861 Summit Ave, Harrisonburg, VA 22802 $422,000 $387,500 109%
May 15, 2018 2273 Lake Terrace Dr, Harrisonburg, VA 22082 $240,239 $215,000 112%
May 14, 2018 378 Blue Stone Hills Dr, Harrisonburg, VA 22801 $235,000 $202,200 116%
May 14, 2018 395 High St, Dayton, VA 22821 $177,500 $155,300 114%
May 14, 2018 10022 Robinson Rd, Dayton, VA 22821 $410,000 $343,000 120%
May 14, 2018 9101 Cedar Spring Ln, Linville, VA 22834 $540,000 $457,100 118%
May 11, 2018 1149 Westmoreland Dr, Harrisonburg, VA 22801 $234,000 $204,400 114%
 
 

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