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 Dec 11, 2017 and Dec 10, 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% 123%
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
61% 69% 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
19% 38% 52%
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
Dec 10, 2018 911 Meadowlark Dr, Harrisonburg, VA 22802 $159,000 $136,600 116%
Dec 7, 2018 690 Wyndham Woods Cir, Harrisonburg, VA 22801 $321,300 $319,200 101%
Dec 7, 2018 331 Hillandale Ave, Harrisonburg, VA 22801 $240,000 $185,500 129%
Dec 6, 2018 361 Louisa St, Broadway, VA 22815 $213,500 $140,500 152%
Dec 5, 2018 172 Southampton Dr, Harrisonburg, VA 22801 $229,000 $195,800 117%
Dec 4, 2018 1114 Rockingham Dr, Harrisonburg, VA 22801 $280,000 $205,900 136%
Dec 3, 2018 1939 Willow Hill Dr, Harrisonburg, VA 22801 $105,000 $123,100 85%
Dec 3, 2018 1213 Settlers Ln, Harrisonburg, VA 22801 $171,250 $153,300 112%
Dec 3, 2018 7600 Rawley Pike, Hinton, VA 22831 $185,000 $172,200 107%
Dec 3, 2018 401 Neyland Dr, Harrisonburg, VA 22801 $190,000 $162,100 117%
Dec 3, 2018 1132 Bluebird Ct, Harrisonburg, VA 22802 $160,000 $156,500 102%
Dec 3, 2018 3111 Pleasant Valley Rd, Mount Crawford, VA 22841 $128,000 $96,500 133%
Nov 30, 2018 1034 Blaze Ct, Harrisonburg, VA 22801 $260,000 $217,100 120%
Nov 30, 2018 121 Grouse Dr, Mcgaheysville, VA 22840 $304,500 $226,300 135%
Nov 30, 2018 7522 Spring Creek Rd, Bridgewater, VA 22812 $225,000 $154,200 146%
Nov 30, 2018 12224 Turleytown Rd, Broadway, VA 22815 $135,000 $124,600 108%
Nov 30, 2018 315 Homestead Dr, Bridgewater, VA 22812 $225,000 $187,900 120%
Nov 30, 2018 291 Center St, Timberville, VA 22853 $169,900 $125,100 136%
Nov 28, 2018 16819 Spar Mine Rd, Timberville, VA 22853 $152,600 $110,000 139%
Nov 28, 2018 396 Gold Dr, Broadway, VA 22815 $239,000 $209,800 114%
Nov 27, 2018 273 Walnut Dr, Timberville, VA 22853 $156,560 $111,200 141%
Nov 27, 2018 1028 Dogwood Dr, Harrisonburg, VA 22801 $279,900 $206,000 136%
Nov 26, 2018 1031 Oriole Ln, Harrisonburg, VA 22802 $115,000 $131,100 88%
Nov 26, 2018 1416 Founders Way, Harrisonburg, VA 22802 $175,500 $156,100 112%
Nov 21, 2018 518 Pointe Dr, Harrisonburg, VA 22801 $177,000 $141,800 125%
 
 

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