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 842 residential sales between Feb 16, 2018 and Feb 15, 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
115% 120% 124%
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
64% 71% 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
22% 41% 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
Feb 15, 2019 10714 Browns Gap Rd, Grottoes, VA 24441 $165,500 $117,300 141%
Feb 15, 2019 84 Middlebrook St, Harrisonburg, VA 22801 $257,000 $225,600 114%
Feb 13, 2019 385 East Ave, Broadway, VA 22815 $132,000 $102,500 129%
Feb 12, 2019 7349 Trissels Rd, Broadway, VA 22815 $487,500 $397,800 123%
Feb 12, 2019 897 River Rd, Elkton, VA 22827 $335,000 $221,000 152%
Feb 8, 2019 395 Westview St, Dayton, VA 22821 $225,000 $192,600 117%
Feb 8, 2019 218 Bethel Ln, Mcgaheysville, VA 22840 $154,900 $166,700 93%
Feb 8, 2019 135 Conn Rd, Mcgaheysville, VA 22840 $145,000 $132,100 110%
Feb 8, 2019 118 Runkle Ct, Mcgaheysville, VA 22840 $197,500 $196,400 101%
Feb 6, 2019 250 Rockingham Dr, Harrisonburg, VA 22802 $174,000 $139,900 124%
Feb 4, 2019 130 Crescent Dr, Harrisonburg, VA 22801 $215,000 $121,300 177%
Jan 31, 2019 819 Greenbriar Dr, Harrisonburg, VA 22801 $344,900 $267,700 129%
Jan 31, 2019 116 Commerce Dr, Harrisonburg, VA 22082 $131,000 $95,300 137%
Jan 31, 2019 11453 Pig Farmers Ln, Elkton, VA 22827 $128,000 $111,800 114%
Jan 31, 2019 1155 Commercial Ct, Harrisonburg, VA 22802 $131,425 $100,700 131%
Jan 31, 2019 3933 Ridge Rd, Timberville, VA 22853 $397,900 $288,400 138%
Jan 31, 2019 107 Joyce Dr, Bridgewater, VA 22812 $167,000 $142,600 117%
Jan 31, 2019 312 West Bank St, Bridgewater, VA 22812 $169,900 $117,000 145%
Jan 31, 2019 6711 Stoney Lick Rd, Mount Crawford, VA 22841 $475,000 $293,400 162%
Jan 30, 2019 239 Windsong Hills Dr, Elkton, VA 22827 $238,000 $185,200 129%
Jan 29, 2019 1937 Buttonwood Ct, Harrisonburg, VA 22802 $218,750 $190,800 115%
Jan 25, 2019 305 19th St, Grottoes, VA 24441 $160,000 $131,800 121%
Jan 25, 2019 972 Smith Ave, Harrisonburg, VA 22801 $265,000 $206,900 128%
Jan 25, 2019 15138 New Market Rd, Timberville, VA 22853 $212,500 $179,800 118%
Jan 24, 2019 1298 Settlers Ln, Harrisonburg, VA 22802 $171,500 $155,300 110%
 
 

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