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 849 residential sales between Jul 21, 2016 and Jul 20, 2017 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
107% 112% 115%
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
37% 51% 60%
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
8% 11% 13%
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
11% 25% 35%
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
Jul 20, 2017 1452 Crawford Ave, Harrisonburg, VA 22801 $249,500 $218,600 114%
Jul 19, 2017 140 Snead Cir, Mcgaheysville, VA 22840 $287,000 $267,300 107%
Jul 18, 2017 5641 Glade View Dr, Bridgewater, VA 22812 $212,000 $168,300 126%
Jul 17, 2017 1734 Rolling Creek Ln, Elkton, VA 22827 $179,900 $128,500 140%
Jul 17, 2017 2899 Massanutten Dr, Mcgaheysville, VA 22840 $316,000 $315,700 100%
Jul 17, 2017 321 Paul St, Harrisonburg, VA 22801 $249,500 $333,300 75%
Jul 17, 2017 646 Sunrise Ave, Harrisonburg, VA 22801 $246,400 $215,700 114%
Jul 17, 2017 510 Confederacy Dr, Penn Laird, VA 22846 $319,000 $278,800 114%
Jul 17, 2017 174 Rorrer Cir, Harrisonburg, VA 22801 $359,000 $308,900 116%
Jul 17, 2017 1572 Island Ford Rd, Elkton, VA 22827 $299,900 $202,400 148%
Jul 15, 2017 520 Pheasant Run Cir, Harrisonburg, VA 22801 $140,000 $141,800 99%
Jul 14, 2017 472 Honeysuckle Rd, Elkton, VA 22827 $225,000 $186,900 120%
Jul 14, 2017 323 Emerald Dr, Harrisonburg, VA 22801 $175,000 $177,000 99%
Jul 14, 2017 250 Sunset Dr, Broadway, VA 22815 $295,000 $254,500 116%
Jul 14, 2017 1035 Molly Pitcher Pl, Harrisonburg, VA 22802 $150,000 $137,500 109%
Jul 14, 2017 24 W Weaver Ave, Harrisonburg, VA 22801 $105,000 $165,800 63%
Jul 14, 2017 3680 Ericksen Cir, Mcgaheysville, VA 22840 $175,000 $161,300 108%
Jul 14, 2017 7148 Community Center Rd, Dayton, VA 22821 $191,351 $141,600 135%
Jul 14, 2017 25 W Weaver Ave, Harrisonburg, VA 22801 $125,000 $152,800 82%
Jul 14, 2017 160 Leonard Ct, Harrisonburg, VA 22802 $320,000 $307,900 104%
Jul 13, 2017 1181 Nelson Dr, Harrisonburg, VA 22801 $200,000 $215,200 93%
Jul 13, 2017 1111 Royal Ct, Harrisonburg, VA 22802 $215,000 $189,500 113%
Jul 13, 2017 128 Smith Ct, Mcgaheysville, VA 22840 $182,500 $193,900 94%
Jul 12, 2017 486 Dry Meadow Rd, Mcgaheysville, VA 22840 $298,000 $261,800 114%
Jul 12, 2017 520 Alleghany Ave, Harrisonburg, VA 22802 $236,000 $215,200 110%
 
 

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

 
Site Content and Analysis provided by Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
 
© 2017 Scott P. Rogers, All Rights Reserved  •  IDX Data Managed By Funkhouser Real Estate Group  •  Licensed in the Commonwealth of Virginia
401 University Blvd Harrisonburg, VA 22801

 

Additional Harrisonburg Real Estate Resources....
BuyingAHomeInHarrisonburg.com SellingAHomeInHarrisonburg.com ScottPRogers.com HarrisonburgHousingMarket.com HarrisonburgHousingToday.com NewListingsInHarrisonburg.com HarrisonburgInvestmentProperties.com HarrisonburgAssessments.com HarrisonburgTownhouses.com WalkThroughThisHome.com BestDealsInHarrisonburg.com HarrisonburgPropertyTransfers.com HarrisonburgForeclosures.com

Popular (yet sometimes hard to find) Searches....
HarrisonburgREO.com HarrisonburgShortSales.com NewListingsInHarrisonburg.com

Popular New Home Communities....
Heritage Estates The Glen at Cross Keys The Townes at Bluestone Founders Way The Cottages at Stone Spring