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 833 residential sales between Mar 20, 2018 and Mar 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
116% 121% 124%
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
64% 70% 75%
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
24% 41% 54%
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
Mar 19, 2019 780 Stone Spring Rd, Harrisonburg, VA 22801 $246,500 $194,600 127%
Mar 18, 2019 2862 Fox Mountain Rd, Elkton, VA 22827 $143,900 $90,300 159%
Mar 18, 2019 161 Magnolia Ct, Mcgaheysville, VA 22840 $180,000 $111,200 162%
Mar 15, 2019 1080 Cherrybrook Dr, Harrisonburg, VA 22801 $170,500 $152,700 112%
Mar 15, 2019 1039 Blue Ridge Dr, Harrisonburg, VA 22802 $133,500 $134,100 100%
Mar 15, 2019 18822 Runions Creek Rd, Broadway, VA 22815 $194,900 $130,400 149%
Mar 15, 2019 12917 Brocks Gap Rd, Fulks Run, VA 22830 $116,300 $115,600 101%
Mar 14, 2019 630 Mason St, Dayton, VA 22821 $215,000 $127,700 168%
Mar 14, 2019 168 Kaylor Cir, Mcgaheysville, VA 22840 $325,000 $223,900 145%
Mar 10, 2019 559 Rainier Rd, Mcgaheysville, VA 22840 $350,000 $330,500 106%
Mar 8, 2019 13550 Mountain Valley Rd, Broadway, VA 22815 $215,000 $249,400 86%
Mar 8, 2019 9783 Port Republic Rd, Port Republic, VA 24471 $155,000 $145,400 107%
Mar 8, 2019 160 Link Rd, Mcgaheysville, VA 22840 $248,900 $182,700 136%
Mar 8, 2019 4684 Palmer Rd, Mcgaheysville, VA 22840 $359,000 $229,400 156%
Mar 7, 2019 101 Kline Ct, Bridgewater, VA 22812 $154,500 $133,700 116%
Mar 5, 2019 1312 Mt Paran Church Rd, Elkton, VA 22827 $50,000 $76,300 66%
Mar 4, 2019 179 North St, Elkton, VA 22827 $129,900 $99,400 131%
Mar 4, 2019 1055 Oriole Ln, Harrisonburg, VA 22802 $139,000 $130,900 106%
Mar 1, 2019 1823 Willow Hill Dr, Harrisonburg, VA 22801 $207,000 $222,800 93%
Mar 1, 2019 456 Elm St, Broadway, VA 22815 $227,000 $190,400 119%
Feb 28, 2019 315 Emerald Dr, Harrisonburg, VA 22801 $184,500 $179,000 103%
Feb 28, 2019 9001 Mt Zion Rd, Linville, VA 22834 $239,900 $186,600 129%
Feb 28, 2019 2386 Breckenridge Ct, Harrisonburg, VA 22801 $127,000 $130,000 98%
Feb 28, 2019 16590 Washington Ave, Elkton, VA 22827 $82,900 $66,900 124%
 
 

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