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 828 residential sales between Apr 24, 2018 and Apr 23, 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
65% 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% 7%
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
24% 42% 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
Apr 23, 2019 327 Sandstone Ln, Bridgewater, VA 22812 $189,000 $140,900 134%
Apr 22, 2019 3250 Pineville Rd, Mcgaheysville, VA 22840 $195,000 $161,100 121%
Apr 19, 2019 5122 Dogwood Ct, Timberville, VA 22853 $158,800 $111,600 142%
Apr 19, 2019 2041 Hawksbill Rd, Mcgaheysville, VA 22840 $186,600 $135,200 138%
Apr 19, 2019 193 Riverside Dr, Timberville, VA 22853 $135,000 $136,500 99%
Apr 19, 2019 309 North River Rd, Bridgewater, VA 22812 $212,900 $127,300 167%
Apr 19, 2019 2340 Four Leaf Cir, Dayton, VA 22821 $289,000 $217,500 133%
Apr 19, 2019 1782 Mauzy Athlone Rd, Broadway, VA 22815 $258,000 $420,000 61%
Apr 18, 2019 109 Fourth St, Grottoes, VA 24441 $214,000 $141,000 152%
Apr 18, 2019 165 Ohio Ave, Harrisonburg, VA 22801 $174,900 $156,400 112%
Apr 18, 2019 349 Summit St, Harrisonburg, VA 22801 $120,000 $173,700 69%
Apr 17, 2019 9500 Phillips Store Rd, Broadway, VA 22815 $85,000 $52,700 161%
Apr 17, 2019 204 Tara Dawn Cir, Broadway, VA 22815 $142,000 $122,800 116%
Apr 16, 2019 1278 Settlers Ln, Harrisonburg, VA 22802 $171,000 $139,200 123%
Apr 16, 2019 17233 Starstone Dr, Broadway, VA 22815 $82,000 $82,900 99%
Apr 15, 2019 856 Camelot Ln, Harrisonburg, VA 22801 $153,000 $128,500 119%
Apr 15, 2019 128 Cindie Ln, Bridgewater, VA 22812 $116,000 $142,000 82%
Apr 15, 2019 1165 Nelson Dr, Harrisonburg, VA 22801 $480,000 $497,900 96%
Apr 15, 2019 1084 Cherrybrook Dr, Harrisonburg, VA 22802 $172,500 $152,700 113%
Apr 15, 2019 1383 Devon Ln, Harrisonburg, VA 22801 $128,500 $120,500 107%
Apr 12, 2019 7475 Lilly Sq, Dayton, VA 22821 $225,000 $126,700 178%
Apr 12, 2019 900 Confederacy Dr, Penn Laird, VA 22846 $282,000 $238,000 118%
Apr 12, 2019 1053 Meadowlark Dr, Harrisonburg, VA 22802 $165,000 $131,800 125%
 
 

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