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 782 residential sales between Feb 17, 2017 and Feb 16, 2018 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
109% 115% 118%
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
46% 59% 67%
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
7% 9% 10%
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
13% 29% 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
Feb 16, 2018 2031 Russell Dr, Harrisonburg, VA 22801 $250,000 $207,000 121%
Feb 16, 2018 13447 Timber Way, Broadway, VA 22815 $169,900 $138,400 123%
Feb 16, 2018 1021 Taliaferro Dr, Harrisonburg, VA 22802 $235,600 $192,700 122%
Feb 15, 2018 175 Ashby St, Dayton, VA 22821 $154,000 $103,000 150%
Feb 14, 2018 2715 Lanier Ln, Mcgaheysville, VA 22840 $140,611 $179,100 79%
Feb 14, 2018 5138 Dogwood Ct, Timberville, VA 22853 $169,900 $128,800 132%
Feb 12, 2018 255 Betts Rd, Harrisonburg, VA 22802 $445,000 $442,100 101%
Feb 12, 2018 936 Oak Hill Dr, Harrisonburg, VA 22801 $424,900 $327,700 130%
Feb 12, 2018 115 Willow St, Harrisonburg, VA 22801 $242,500 $190,600 127%
Feb 12, 2018 185 Griffin Ln, Broadway, VA 22815 $121,000 $101,000 120%
Feb 9, 2018 1315 Lakeview Cir, Harrisonburg, VA 22801 $311,000 $252,200 123%
Feb 9, 2018 114 Lewis Ave, Elkton, VA 22827 $121,000 $90,600 134%
Feb 9, 2018 1643 Island Ford Rd, Elkton, VA 22827 $600,000 $497,600 121%
Feb 9, 2018 8139 Port Republic Rd, Port Republic, VA 24471 $217,000 $176,300 123%
Feb 7, 2018 2258 Lanier Ln, Mcgaheysville, VA 22840 $223,317 $208,500 107%
Feb 5, 2018 3831 Bull Run Rd, Penn Laird, VA 22846 $378,000 $328,000 115%
Feb 2, 2018 337 Cub Ln, Mcgaheysville, VA 22840 $214,900 $242,300 89%
Feb 2, 2018 510 Wirt Ave, Elkton, VA 22827 $147,000 $151,200 97%
Feb 2, 2018 11464 Hoy Miller Ln, Fulks Run, VA 22830 $147,500 $114,700 129%
Feb 2, 2018 1217 Old Richmond Cir, Harrisonburg, VA 22802 $157,000 $143,200 110%
Feb 2, 2018 2347 Breckenridge Ct, Harrisonburg, VA 22801 $133,900 $115,800 116%
Feb 2, 2018 86 Middlebrook St, Harrisonburg, VA 22801 $249,000 $239,300 104%
Feb 2, 2018 297 Cherry St, Timberville, VA 22853 $131,000 $108,000 121%
Feb 1, 2018 6704 Dovel Rd, Elkton, VA 22827 $167,500 $202,100 83%
 
 

 
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
 
© 2018 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 JustSoldInHarrisonburg.com HarrisonburgPropertyTransfers.com HarrisonburgNeighborhoods.com HarrisonburgTownhouses.com HarrisonburgInvestmentProperties.com WalkThroughThisHome.com HarrisonburgAssessments.com BestDealsInHarrisonburg.com HarrisonburgForeclosures.com

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