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 846 residential sales between Nov 9, 2018 and Nov 8, 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
120% 125% 128%
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
78% 80% 81%
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
3% 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
33% 52% 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
Nov 8, 2019 6794 East Point Rd, Elkton, VA 22827 $185,000 $139,700 132%
Nov 8, 2019 127 Monger Hill Rd, Elkton, VA 22827 $214,900 $170,300 126%
Nov 8, 2019 464 W Wolfe St, Harrisonburg, VA 22802 $219,000 $187,600 117%
Nov 8, 2019 962 Endless Caverns Rd, Timberville, VA 22853 $329,000 $240,300 137%
Nov 6, 2019 3667 Traveler Rd, Harrisonburg, VA 22801 $490,000 $337,000 145%
Nov 6, 2019 374 Loewner Ln, Hinton, VA 22831 $165,000 $89,600 184%
Nov 4, 2019 268 Loewner Ln, Hinton, VA 22831 $141,000 $80,400 175%
Nov 4, 2019 3380 Legion Way, Broadway, VA 22815 $237,500 $181,200 131%
Nov 4, 2019 310 Rachel Dr, Penn Laird, VA 22846 $366,000 $291,000 126%
Nov 1, 2019 8670 East Timber Ridge Rd, Mount Crawford, VA 22841 $445,000 $336,000 132%
Nov 1, 2019 418 Freedom Ct, Harrisonburg, VA 22801 $153,500 $139,700 110%
Nov 1, 2019 18060 Sundance Forest Rd, Broadway, VA 22815 $99,999 $94,900 105%
Nov 1, 2019 17141 Timberview Dr, Timberville, VA 22853 $335,000 $258,200 130%
Nov 1, 2019 250 Dylan Cir, Bridgewater, VA 22812 $243,000 $167,800 145%
Nov 1, 2019 3320 Legion Way, Broadway, VA 22815 $227,000 $156,400 145%
Nov 1, 2019 3131 Bethany Ct, Harrisonburg, VA 22801 $174,900 $153,800 114%
Nov 1, 2019 7884 Harpine Hwy, Linville, VA 22834 $285,000 $214,500 133%
Oct 31, 2019 15176 New Market Rd, Timberville, VA 22853 $184,900 $123,200 150%
Oct 31, 2019 1894 Hawksbill Rd, Mcgaheysville, VA 22840 $275,000 $171,600 160%
Oct 31, 2019 233 Jessamine Pl, Mcgaheysville, VA 22840 $242,000 $169,600 143%
Oct 31, 2019 1230 Commercial Ct, Harrisonburg, VA 22802 $139,000 $100,700 138%
Oct 30, 2019 194 Martin Ln, Mcgaheysville, VA 22840 $364,000 $223,500 163%
Oct 29, 2019 1300 Dulcimer Ln, Grottoes, VA 24441 $263,000 $142,100 185%
Oct 29, 2019 257 Fairway Dr, Harrisonburg, VA 22801 $374,250 $388,300 96%
Oct 29, 2019 1601 Gum Ave, Grottoes, VA 24441 $230,000 $146,900 157%
 
 

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