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 832 residential sales between Sep 17, 2018 and Sep 16, 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
118% 124% 127%
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
75% 78% 80%
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% 7% 9%
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
31% 50% 63%
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 16, 2019 410 F St, Elkton, VA 22827 $382,000 $242,600 157%
Sep 13, 2019 5624 Faughts Rd, Mount Crawford, VA 22841 $435,000 $717,300 61%
Sep 13, 2019 1416 Valley St, Harrisonburg, VA 22801 $190,000 $174,100 109%
Sep 13, 2019 305 Victoria Dr, Bridgewater, VA 22812 $310,000 $245,200 126%
Sep 12, 2019 209 Fairfax Ave, Elkton, VA 22827 $141,900 $95,100 149%
Sep 12, 2019 2908 Lanier Ln, Mcgaheysville, VA 22840 $260,000 $193,300 135%
Sep 11, 2019 9658 Coal Run Ln, Dayton, VA 22821 $69,000 $166,900 41%
Sep 11, 2019 667 Virginia Ave, Harrisonburg, VA 22802 $163,900 $141,600 116%
Sep 10, 2019 128 Cindie Ln, Bridgewater, VA 22812 $178,000 $142,000 125%
Sep 9, 2019 2396 Breckenridge Ct, Harrisonburg, VA 22801 $163,000 $133,000 123%
Sep 6, 2019 1205 Red Maple Ave, Grottoes, VA 24441 $255,000 $162,000 157%
Sep 6, 2019 5 Richard Ct, Bridgewater, VA 22812 $314,900 $251,000 125%
Sep 6, 2019 17323 Sun Valley Dr, Elkton, VA 22827 $214,900 $248,600 86%
Sep 6, 2019 1130 Paul Revere Ct, Harrisonburg, VA 22802 $166,000 $128,100 130%
Sep 6, 2019 703 Riverside Ave, Grottoes, VA 24441 $214,900 $114,300 188%
Sep 4, 2019 329 Emerald Dr, Harrisonburg, VA 22801 $190,200 $175,900 108%
Sep 4, 2019 7348 Mcgaheysville Rd, Penn Laird, VA 22846 $295,000 $121,800 242%
Sep 3, 2019 9017 Koontz Corner Rd, Harrisonburg, VA 22802 $144,900 $125,100 116%
Sep 3, 2019 505 Northglen Ln, Harrisonburg, VA 22801 $230,000 $176,500 130%
Sep 3, 2019 211 High St, Timberville, VA 22853 $292,000 $213,200 137%
Aug 31, 2019 3667 Dry Hollow Rd, Dayton, VA 22821 $330,000 $172,500 191%
Aug 31, 2019 584 Elm St, Broadway, VA 22815 $244,000 $193,900 126%
Aug 30, 2019 1158 Stuart St, Harrisonburg, VA 22802 $270,500 $219,000 124%
Aug 30, 2019 2150 Lake Terrace Dr, Harrisonburg, VA 22802 $257,000 $267,300 96%
 
 

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