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 839 residential sales between Sep 18, 2017 and Sep 17, 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
114% 119% 122%
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
58% 67% 74%
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
3% 6% 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
19% 36% 49%
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
Sep 17, 2018 9517 Singers Glen Rd, Singers Glen, VA 22850 $159,900 $117,100 137%
Sep 17, 2018 13847 Rockingham Pike, Elkton, VA 22827 $130,000 $185,600 70%
Sep 15, 2018 6101 Dotts Ln, Penn Laird, VA 22846 $304,000 $230,400 132%
Sep 14, 2018 1466 Bluestone St, Harrisonburg, VA 22801 $195,000 $175,800 111%
Sep 14, 2018 930 Greendale Rd, Harrisonburg, VA 22801 $212,000 $188,800 112%
Sep 14, 2018 12145 Hollar School Rd, Linville, VA 22834 $217,500 $149,300 146%
Sep 14, 2018 2358 Breckenridge Ct, Harrisonburg, VA 22801 $154,900 $144,500 107%
Sep 14, 2018 231 Ohio Ave, Harrisonburg, VA 22801 $295,250 $210,300 140%
Sep 14, 2018 5004 Ottobine Rd, Dayton, VA 22821 $232,500 $157,400 148%
Sep 14, 2018 2597 Fairview Rd, Mount Crawford, VA 22841 $146,000 $106,200 137%
Sep 13, 2018 1312 Country Club Ct, Harrisonburg, VA 22802 $105,000 $91,100 115%
Sep 12, 2018 580 Regiment Rd, Penn Laird, VA 22846 $406,000 $381,600 106%
Sep 12, 2018 2867 North Valley Pike, Harrisonburg, VA 22802 $175,800 $130,600 135%
Sep 12, 2018 326 Chicago Ave, Harrisonburg, VA 22802 $198,900 $167,200 119%
Sep 12, 2018 1715 Park Lawn Dr, Harrisonburg, VA 22801 $242,500 $185,400 131%
Sep 10, 2018 572 Shotgun Spring Rd, New Market, VA 22844 $112,000 $99,400 113%
Sep 10, 2018 318 Dogwood Dr, Harrisonburg, VA 22801 $175,000 $138,400 126%
Sep 10, 2018 395 Broad St, Harrisonburg, VA 22802 $212,000 $128,900 164%
Sep 7, 2018 175 Passage Ln, Mcgaheysville, VA 22840 $120,000 $83,600 144%
Sep 7, 2018 3097 Declaration Dr, Broadway, VA 22815 $200,000 $144,900 138%
Sep 7, 2018 1806 Sunridge Ln, Elkton, VA 22827 $139,500 $135,900 103%
Sep 7, 2018 12529 Rawley Pike, Hinton, VA 22831 $79,000 $60,300 131%
Sep 6, 2018 355 Acme Company St, Broadway, VA 22815 $269,900 $200,600 135%
Sep 6, 2018 260 High St, Dayton, VA 22821 $96,000 $89,800 107%
Sep 5, 2018 341 Main St, Timberville, VA 22853 $270,000 $161,100 168%
 
 

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