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 808 residential sales between Sep 19, 2016 and Sep 18, 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
108% 113% 116%
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
39% 54% 63%
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% 12%
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
10% 27% 39%
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 18, 2017 174 Dogwood Dr, Broadway, VA 22815 $165,950 $139,100 119%
Sep 18, 2017 268 Lincoln Ct, Timberville, VA 22853 $85,000 $121,100 70%
Sep 15, 2017 1337 Goldfinch Dr, Harrisonburg, VA 22802 $174,000 $160,700 108%
Sep 15, 2017 15333 Evergreen Valley Rd, Timberville, VA 22853 $50,000 $43,400 115%
Sep 15, 2017 3980 Captain Yancey Rd, Elkton, VA 22853 $607,500 $462,900 131%
Sep 15, 2017 2591 Mountain Dr, Mcgaheysville, VA 22840 $158,000 $132,300 119%
Sep 15, 2017 1215 Edgewood Rd, Harrisonburg, VA 22801 $211,000 $184,500 114%
Sep 15, 2017 151 Cedar Ct, Broadway, VA 22815 $155,000 $139,600 111%
Sep 15, 2017 19526 Runions Creek Rd, Broadway, VA 22815 $310,000 $255,200 121%
Sep 13, 2017 212 Bridgeport Dr, Bridgewater, VA 22812 $255,000 $208,700 122%
Sep 13, 2017 341 S Willow St, Harrisonburg, VA 22801 $242,900 $198,900 122%
Sep 13, 2017 12617 Cardinal Forest Dr, Fulks Run, VA 22830 $220,000 $181,600 121%
Sep 13, 2017 4246 Sunrise Dr, Bridgewater, VA 22812 $380,000 $387,700 98%
Sep 13, 2017 264 Pine St, Timberville, VA 22853 $154,900 $118,600 131%
Sep 13, 2017 9848 Mcgaheysville Rd, Mcgaheysville, VA 22840 $195,000 $138,500 141%
Sep 13, 2017 1742 George Merck Ln, Elkton, VA 22827 $284,900 $171,800 166%
Sep 12, 2017 3220 Legion Way, Broadway, VA 22815 $183,900 $140,400 131%
Sep 12, 2017 1227 Old Richmond Cir, Harrisonburg, VA 22802 $159,900 $154,800 103%
Sep 12, 2017 125 Sweetgum St, Elkton, VA 22827 $250,000 $197,900 126%
Sep 12, 2017 1701 Shenstone Dr, Harrisonburg, VA 22801 $218,000 $202,100 108%
Sep 12, 2017 272 Slate Rd, Penn Laird, VA 22846 $333,000 $239,300 139%
Sep 12, 2017 402 4th St, Elkton, VA 22827 $225,000 $161,300 139%
Sep 12, 2017 256 Oak St, Timberville, VA 22853 $131,000 $126,500 104%
Sep 8, 2017 16958 Sundance Forest Rd, Broadway, VA 22815 $135,000 $103,000 131%
Sep 8, 2017 408 Barbee St, Bridgewater, VA 22812 $226,000 $204,600 110%
 
 

 
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

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