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 844 residential sales between Aug 17, 2018 and Aug 16, 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
119% 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
76% 78% 79%
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% 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
31% 48% 61%
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
Aug 16, 2019 242 Northview Dr, Dayton, VA 22821 $369,900 $301,400 123%
Aug 16, 2019 9474 Phillips Store Rd, Broadway, VA 22815 $165,000 $131,600 125%
Aug 16, 2019 2411 Avonlea Ln, Harrisonburg, VA 22801 $180,000 $144,200 125%
Aug 16, 2019 9638 South East Side Hwy, Elkton, VA 22827 $389,000 $545,600 71%
Aug 15, 2019 4145 Sunrise Dr, Bridgewater, VA 22812 $485,000 $338,700 143%
Aug 15, 2019 128 Bobcat Ln, Mcgaheysville, VA 22840 $315,000 $249,100 126%
Aug 15, 2019 236 Pheasant Rd, Mcgaheysville, VA 22840 $349,000 $305,900 114%
Aug 14, 2019 358 Jewelry Dr, Broadway, VA 22815 $227,500 $225,500 101%
Aug 14, 2019 858 Old Furnace Rd, Harrisonburg, VA 22802 $154,000 $125,300 123%
Aug 13, 2019 304 16th St, Grottoes, VA 24441 $236,500 $147,400 160%
Aug 13, 2019 262 Commerce Dr, Harrisonburg, VA 22802 $125,325 $100,700 124%
Aug 12, 2019 220 Bush Dr, Broadway, VA 22815 $275,000 $230,300 119%
Aug 12, 2019 1311 Greystone St, Harrisonburg, VA 22802 $229,000 $180,800 127%
Aug 12, 2019 8399 Ore Bank Rd, Port Republic, VA 24471 $243,000 $176,800 137%
Aug 12, 2019 1322 Bradley Dr, Harrisonburg, VA 22801 $120,000 $76,800 156%
Aug 9, 2019 1055 Alexander Hamilton Ln, Harrisonburg, VA 22802 $162,000 $125,200 129%
Aug 9, 2019 109 Lee Ave, Elkton, VA 22827 $192,000 $127,700 150%
Aug 9, 2019 210 Rockingham Dr, Harrisonburg, VA 22802 $200,000 $163,500 122%
Aug 7, 2019 97 South Mountain Dr, Mcgaheysville, VA 22840 $190,000 $153,900 123%
Aug 6, 2019 374 Blue Stone Hills Dr, Harrisonburg, VA 22801 $257,400 $210,200 122%
Aug 6, 2019 1144 Nelson Dr, Harrisonburg, VA 22801 $510,000 $423,800 120%
Aug 6, 2019 1250 Victorian Village Dr, Harrisonburg, VA 22802 $185,000 $147,000 126%
Aug 5, 2019 500 18th St, Grottoes, VA 24441 $145,500 $106,400 137%
 
 

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