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 810 residential sales between Jul 20, 2018 and Jul 19, 2019 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
118% 123% 127%
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
73% 76% 78%
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
5% 7% 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
29% 48% 60%
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 19, 2019 451 E Gay St, Harrisonburg, VA 22802 $175,000 $120,700 145%
Jul 17, 2019 7247 Cowpatch Dr, Mount Crawford, VA 22841 $375,000 $258,400 145%
Jul 16, 2019 501 East College St, Bridgewater, VA 22812 $283,000 $212,400 133%
Jul 16, 2019 121 Emerald Dr, Harrisonburg, VA 22801 $215,000 $188,300 114%
Jul 16, 2019 309 Lee Ave, Elkton, VA 22827 $169,900 $127,800 133%
Jul 15, 2019 765 Keezletown Rd, Harrisonburg, VA 22802 $155,000 $156,100 99%
Jul 15, 2019 928 Broadview Dr, Harrisonburg, VA 22802 $269,900 $206,300 131%
Jul 15, 2019 430 Thompson St, Dayton, VA 22821 $275,000 $171,400 160%
Jul 15, 2019 1941 Russell Dr, Harrisonburg, VA 22801 $270,000 $227,200 119%
Jul 15, 2019 7455 Lilly Sq, Dayton, VA 22821 $245,000 $164,600 149%
Jul 12, 2019 967 Central Ave, Harrisonburg, VA 22802 $197,500 $170,200 116%
Jul 12, 2019 24 Laurel St, Harrisonburg, VA 22801 $340,000 $277,300 123%
Jul 12, 2019 380 Blue Stone Hills Dr, Harrisonburg, VA 22801 $239,900 $207,500 116%
Jul 12, 2019 15340 Lone Pine Dr, Timberville, VA 22853 $148,000 $115,100 129%
Jul 12, 2019 802 Oak Hill Dr, Harrisonburg, VA 22801 $337,500 $258,100 131%
Jul 12, 2019 5588 Herring Ln, Dayton, VA 22821 $134,900 $110,100 123%
Jul 11, 2019 1292 Old Richmond Cir, Harrisonburg, VA 22802 $160,000 $141,400 113%
Jul 11, 2019 22158 German River Rd, Criders, VA 22820 $125,000 $361,200 35%
Jul 11, 2019 99 Emery St, Harrisonburg, VA 22801 $250,000 $201,800 124%
Jul 10, 2019 1112 Patrick Henry Pl, Harrisonburg, VA 22802 $159,900 $125,200 128%
Jul 9, 2019 206 Bridgeport Dr, Bridgewater, VA 22812 $324,900 $252,200 129%
Jul 9, 2019 2445 Mosby Ct, Harrisonburg, VA 22801 $115,000 $102,500 112%
Jul 8, 2019 91 Broad St, Harrisonburg, VA 22802 $195,000 $160,700 121%
Jul 8, 2019 3 Shenandoah Ave, Harrisonburg, VA 22801 $200,000 $154,300 130%
 
 

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