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 917 residential sales between Jun 26, 2015 and Jun 24, 2016 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
103% 108% 111%
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
23% 43% 55%
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
12% 12% 12%
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
9% 21% 28%
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
Jun 24, 2016 300 Kensington Dr, Elkton, VA 22827 $310,000 $256,000 121%
Jun 24, 2016 301 Holly Ave, Grottoes, VA 24441 $255,000 $165,600 154%
Jun 23, 2016 50 Emery St, Harrisonburg, VA 22801 $315,000 $240,300 131%
Jun 23, 2016 2713 John Wayland Hwy, Harrisonburg, VA 22801 $580,000 $1,276,900 45%
Jun 22, 2016 343 Effinger St, Harrisonburg, VA 22801 $125,000 $167,300 75%
Jun 21, 2016 2005 Buttonwood Ct, Harrisonburg, VA 22802 $199,500 $196,100 102%
Jun 20, 2016 397 Lawyer Rd, Penn Laird, VA 22846 $127,000 $133,600 95%
Jun 20, 2016 1081 Meadowlark Dr, Harrisonburg, VA 22802 $145,000 $131,300 110%
Jun 20, 2016 9770 Mcgaheysville Rd, Mcgaheysville, VA 22840 $211,000 $204,900 103%
Jun 20, 2016 431 Ohio Ave, Harrisonburg, VA 22801 $255,000 $189,100 135%
Jun 17, 2016 1262 Old Windmill Cir, Harrisonburg, VA 22802 $147,500 $142,700 103%
Jun 17, 2016 8239 Mill Creek Church Rd, Port Republic, VA 24471 $226,000 $182,400 124%
Jun 17, 2016 240 Northview Dr, Dayton, VA 22821 $439,000 $345,600 127%
Jun 17, 2016 20023 Wooded View Ln, Elkton, VA 22827 $139,500 $199,300 70%
Jun 17, 2016 187 Piney Ln, Mcgaheysville, VA 22840 $199,000 $154,600 129%
Jun 17, 2016 268 High St, Timberville, VA 22853 $98,900 $139,800 71%
Jun 16, 2016 2501 Mountain Dr, Mcgaheysville, VA 22840 $182,500 $164,900 111%
Jun 16, 2016 380 Hickory Grove Cir, Harrisonburg, VA 22801 $235,900 $206,100 114%
Jun 16, 2016 1622 Massanetta Springs Rd, Harrisonburg, VA 22801 $239,750 $218,300 110%
Jun 16, 2016 10049 Mishalany Dr, Grottoes, VA 24441 $125,000 $128,300 97%
Jun 15, 2016 922 Northfield Ct, Harrisonburg, VA 22802 $115,000 $125,000 92%
Jun 15, 2016 768 Woodland Dr, Harrisonburg, VA 22801 $255,000 $244,300 104%
Jun 15, 2016 205 Weavers Rd, Harrisonburg, VA 22802 $480,000 $465,700 103%
Jun 15, 2016 100 Cantermill Ln, Mount Crawford, VA 22841 $239,000 $199,100 120%
Jun 15, 2016 851 Merlins Way, Harrisonburg, VA 22801 $153,000 $145,400 105%
 
 

 
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
 
© 2016 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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