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 921 residential sales between Dec 9, 2015 and Dec 7, 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
104% 110% 114%
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
24% 44% 58%
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
11% 11% 11%
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
10% 22% 30%
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
Dec 7, 2016 5980 Donnagail Dr, Penn Laird, VA 22846 $165,000 $134,500 123%
Dec 7, 2016 3272 Northview Ln, Elkton, VA 22827 $279,000 $222,800 125%
Dec 6, 2016 385 Sunset Dr, Broadway, VA 22815 $294,000 $246,300 119%
Dec 6, 2016 393 High St, Dayton, VA 22821 $181,000 $154,800 117%
Dec 5, 2016 344 Rock St, Harrisonburg, VA 22802 $68,000 $101,400 67%
Dec 2, 2016 15550 Forestville Rd, Timberville, VA 22853 $64,150 $106,200 60%
Dec 2, 2016 25 Transom Ct, Mount Crawford, VA 22841 $430,000 $359,700 120%
Dec 2, 2016 1007 Florist Rd, Elkton, VA 22827 $272,000 $331,900 82%
Dec 2, 2016 23 Main St, Dayton, VA 22821 $239,100 $430,900 55%
Dec 1, 2016 3060 Patriot Ct, Broadway, VA 22815 $182,500 $149,500 122%
Dec 1, 2016 302 18th St, Grottoes, VA 24441 $155,000 $131,300 118%
Dec 1, 2016 706 Greenbriar Dr, Harrisonburg, VA 22801 $260,000 $208,900 124%
Nov 30, 2016 126 Turkey Dr, Mcgaheysville, VA 22840 $190,000 $197,600 96%
Nov 30, 2016 7914 Mill Creek Church Rd, Port Republic, VA 24471 $440,000 $364,700 121%
Nov 30, 2016 140 Crescent Dr, Harrisonburg, VA 22801 $151,000 $139,500 108%
Nov 30, 2016 1284 Victorian Village Dr, Harrisonburg, VA 22802 $129,000 $135,200 95%
Nov 30, 2016 261 5th St, Broadway, VA 22815 $214,000 $161,400 133%
Nov 30, 2016 906 Clover Hill Rd, Dayton, VA 22821 $110,000 $163,700 67%
Nov 30, 2016 17125 Starstone Dr, Broadway, VA 22815 $94,000 $86,500 109%
Nov 30, 2016 5500 Glade View Dr, Bridgewater, VA 22812 $65,000 $101,400 64%
Nov 29, 2016 118 Runkle Ct, Mcgaheysville, VA 22840 $179,500 $196,400 91%
Nov 29, 2016 1010 Misty Ct, Harrisonburg, VA 22801 $164,900 $155,800 106%
Nov 28, 2016 14938 Yankeetown Rd, Fulks Run, VA 22830 $238,500 $225,300 106%
Nov 28, 2016 430 Ohio Ave, Harrisonburg, VA 22801 $249,000 $235,300 106%
Nov 26, 2016 983 Summit Ave, Harrisonburg, VA 22802 $295,000 $265,400 111%
 
 

 
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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