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 843 residential sales between May 25, 2018 and May 24, 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% 125%
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
66% 72% 76%
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% 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
26% 43% 55%
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
May 24, 2019 803 Vine St, Harrisonburg, VA 22801 $122,500 $110,100 111%
May 23, 2019 521 East Rockingham St, Elkton, VA 22827 $214,900 $165,400 130%
May 23, 2019 1271 Poets Ct, Harrisonburg, VA 22802 $166,000 $144,800 115%
May 23, 2019 248 Dogwood Dr, Broadway, VA 22815 $197,500 $150,900 131%
May 21, 2019 3996 Dixie Ridge Run Rd, Penn Laird, VA 22846 $385,000 $343,700 112%
May 20, 2019 37 N Willow St, Harrisonburg, VA 22802 $140,000 $147,100 95%
May 20, 2019 871 Pineville Rd, Mcgaheysville, VA 22840 $350,000 $297,500 118%
May 20, 2019 135 Inglewood Ct, Mcgaheysville, VA 22840 $215,500 $178,900 120%
May 20, 2019 348 Ridge Ct, Timberville, VA 22853 $111,800 $106,100 105%
May 17, 2019 107 Berkeley Ave, Grottoes, VA 24441 $282,500 $192,900 146%
May 17, 2019 3918 Cross Keys Rd, Mount Crawford, VA 22841 $545,000 $424,900 128%
May 17, 2019 100 Keswick Cir, Dayton, VA 22821 $359,000 $343,000 105%
May 17, 2019 11840 Hisers Ln, Broadway, VA 22815 $172,500 $232,200 74%
May 17, 2019 3369 Preston Shore Dr, Harrisonburg, VA 22801 $334,310 $305,700 109%
May 17, 2019 424 Early Dr, Broadway, VA 22815 $135,000 $193,700 70%
May 16, 2019 1742 George Merck Ln, Elkton, VA 22827 $343,000 $171,800 200%
May 16, 2019 867 Northfield Ct, Harrisonburg, VA 22802 $154,000 $140,700 109%
May 16, 2019 3830 Davis Rd, Penn Laird, VA 22846 $425,000 $338,300 126%
May 15, 2019 264 Slate Rd, Penn Laird, VA 22846 $264,000 $164,800 160%
May 15, 2019 920 Virginia Ave, Harrisonburg, VA 22802 $167,000 $167,400 100%
May 15, 2019 210 Sunrise Ave, Harrisonburg, VA 22801 $199,000 $162,600 122%
May 15, 2019 186 Griffin Ln, Broadway, VA 22815 $125,000 $99,800 125%
May 15, 2019 175 Cub Ln, Mcgaheysville, VA 22840 $342,000 $294,600 116%
May 15, 2019 591 Regiment Rd, Penn Laird, VA 22846 $472,000 $434,300 109%
 
 

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