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 898 residential sales between Apr 22, 2016 and Apr 21, 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
106% 110% 113%
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
29% 46% 57%
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
9% 12% 14%
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% 23% 32%
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 21, 2017 1224 Frost Pl, Harrisonburg, VA 22802 $157,900 $143,800 110%
Apr 20, 2017 606 Lee Ave, Harrisonburg, VA 22802 $187,500 $149,100 126%
Apr 20, 2017 1647 Park Lawn Dr, Harrisonburg, VA 22801 $244,000 $200,300 122%
Apr 19, 2017 1962 Buttonwood Ct, Harrisonburg, VA 22802 $199,900 $193,600 103%
Apr 19, 2017 277 Franklin St, Harrisonburg, VA 22801 $319,000 $321,900 99%
Apr 18, 2017 153 2nd St, Broadway, VA 22815 $150,000 $120,700 124%
Apr 18, 2017 175 Spotswood Ln, Mcgaheysville, VA 22840 $225,000 $197,400 114%
Apr 17, 2017 11272 Port Republic Rd, Port Republic, VA 24471 $66,000 $84,900 78%
Apr 14, 2017 2407 Avalon Woods Dr, Harrisonburg, VA 22801 $159,000 $134,900 118%
Apr 13, 2017 109 Port Republic Rd, Harrisonburg, VA 22801 $165,000 $153,300 108%
Apr 13, 2017 442 Crestover Dr, Broadway, VA 22815 $179,900 $168,900 107%
Apr 13, 2017 8561 Main St, Port Republic, VA 24471 $240,000 $176,500 136%
Apr 12, 2017 768 Newtown Rd, Elkton, VA 22827 $93,500 $78,500 119%
Apr 12, 2017 403 East Ave, Broadway, VA 22815 $146,000 $106,400 137%
Apr 12, 2017 10612 Jacksons Way, Port Republic, VA 24471 $228,000 $208,600 109%
Apr 12, 2017 903 Elm Ave, Grottoes, VA 24441 $171,500 $120,700 142%
Apr 12, 2017 11231 Port Republic Rd, Port Republic, VA 24471 $75,000 $93,400 80%
Apr 10, 2017 3246 Scenic Rd, Elkton, VA 22827 $272,000 $230,400 118%
Apr 10, 2017 360 Broadmoor Ln, Broadway, VA 22815 $189,900 $168,400 113%
Apr 7, 2017 584 Elm St, Broadway, VA 22815 $139,900 $193,900 72%
Apr 7, 2017 1064 Cherrybrook Dr, Harrisonburg, VA 22802 $158,000 $152,100 104%
Apr 7, 2017 7515 Dogwood Ct, Dayton, VA 22821 $80,000 $115,300 69%
Apr 7, 2017 120 Granny Smith Dr, Timberville, VA 22853 $137,500 $110,300 125%
Apr 7, 2017 15105 Church Mountain Ln, Fulks Run, VA 22830 $79,900 $46,800 171%
Apr 6, 2017 403 North St, Elkton, VA 22827 $55,684 $86,600 64%
 
 

 
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

 

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