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 858 residential sales between Jun 22, 2016 and Jun 21, 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
107% 111% 115%
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
35% 50% 60%
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
8% 12% 14%
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
10% 25% 35%
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
Jun 21, 2017 395 Mt Crawford Ave, Bridgewater, VA 22812 $174,900 $158,500 110%
Jun 21, 2017 1272 Old Windmill Cir, Harrisonburg, VA 22802 $149,900 $141,700 106%
Jun 20, 2017 177 Broadway Ave, Broadway, VA 22815 $150,000 $83,400 180%
Jun 20, 2017 2684 Hillyard Dr, Broadway, VA 22815 $135,000 $97,000 139%
Jun 20, 2017 639 Rock St, Harrisonburg, VA 22802 $165,000 $135,100 122%
Jun 20, 2017 540 Broadview Dr, Harrisonburg, VA 22802 $289,900 $260,600 111%
Jun 19, 2017 1149 Wellington Dr, Harrisonburg, VA 22802 $164,500 $151,500 109%
Jun 19, 2017 18 Laurel St, Harrisonburg, VA 22801 $279,500 $225,100 124%
Jun 19, 2017 173 Passage Ln, Mcgaheysville, VA 22840 $122,900 $86,400 142%
Jun 19, 2017 9133 Mcgaheysville Rd, Mcgaheysville, VA 22840 $164,900 $103,300 160%
Jun 19, 2017 777 Circle Dr, Harrisonburg, VA 22801 $285,000 $275,400 103%
Jun 19, 2017 17569 Eaton Hollow Ln, Broadway, VA 22815 $160,000 $132,000 121%
Jun 16, 2017 811 Blue Ridge Dr, Harrisonburg, VA 22802 $154,000 $162,600 95%
Jun 16, 2017 13010 Port Republic Rd, Grottoes, VA 24441 $34,000 $144,400 24%
Jun 15, 2017 730 Merlins Way, Harrisonburg, VA 22801 $142,500 $127,300 112%
Jun 15, 2017 398 Spring Oaks Dr, Harrisonburg, VA 22801 $225,000 $189,700 119%
Jun 15, 2017 1221 Old Furnace Rd, Harrisonburg, VA 22802 $89,900 $88,500 102%
Jun 15, 2017 108 Sharon St, Harrisonburg, VA 22801 $243,000 $208,800 116%
Jun 14, 2017 1790 Buckingham Dr, Harrisonburg, VA 22801 $479,000 $430,200 111%
Jun 14, 2017 411 Silver Dr, Broadway, VA 22815 $223,500 $196,700 114%
Jun 14, 2017 177 Alger Ln, Broadway, VA 22815 $103,000 $99,600 103%
Jun 14, 2017 2075 South East Side Hwy, Elkton, VA 22827 $205,000 $143,300 143%
Jun 14, 2017 409 Elm St, Broadway, VA 22815 $184,000 $139,400 132%
Jun 13, 2017 1229 Old Furnace Rd, Harrisonburg, VA 22802 $85,500 $88,500 97%
Jun 12, 2017 1261 Goldfinch Dr, Harrisonburg, VA 22801 $113,055 $129,800 87%
 
 

 
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

 

Additional Harrisonburg Real Estate Resources....
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