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 908 residential sales between Jan 21, 2016 and Jan 19, 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
105% 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
26% 45% 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% 11% 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% 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
Jan 19, 2017 442 Fairway Dr, Harrisonburg, VA 22802 $412,000 $410,200 100%
Jan 18, 2017 115 Middlebrook St, Harrisonburg, VA 22801 $268,000 $247,400 108%
Jan 18, 2017 523 Wild Rose Dr, Penn Laird, VA 22846 $60,000 $92,400 65%
Jan 17, 2017 121 Sharon St, Harrisonburg, VA 22801 $230,500 $212,400 109%
Jan 17, 2017 211 College St, Bridgewater, VA 22812 $152,500 $164,700 93%
Jan 13, 2017 569 Pheasant Run Cir, Harrisonburg, VA 22801 $142,000 $139,400 102%
Jan 13, 2017 4722 Palmer Rd, Mcgaheysville, VA 22840 $230,000 $189,100 122%
Jan 12, 2017 10326 Rawley Pike, Hinton, VA 22831 $130,000 $132,900 98%
Jan 12, 2017 225 Emerson Ln, Harrisonburg, VA 22802 $165,000 $161,100 102%
Jan 12, 2017 3810 South Ct, Penn Laird, VA 22846 $279,000 $268,500 104%
Jan 11, 2017 175 Clara Ct, Harrisonburg, VA 22802 $217,500 $156,600 139%
Jan 11, 2017 101 Tamarack Ln, Elkton, VA 22827 $250,130 $192,000 130%
Jan 11, 2017 813 Northfield Ct, Harrisonburg, VA 22802 $131,900 $123,800 107%
Jan 9, 2017 196 Emerald Dr, Harrisonburg, VA 22801 $182,500 $172,900 106%
Jan 6, 2017 1831 Manor Dr, Harrisonburg, VA 22801 $265,000 $256,300 103%
Jan 6, 2017 355 Mill St, Dayton, VA 22821 $167,695 $119,200 141%
Jan 6, 2017 1114 Patrick Henry Pl, Harrisonburg, VA 22801 $138,000 $125,200 110%
Jan 6, 2017 1494 Bluewater Rd, Harrisonburg, VA 22801 $379,000 $330,300 115%
Jan 4, 2017 2233 Pearl Ln, Harrisonburg, VA 22801 $590,000 $520,700 113%
Jan 4, 2017 8877 Briery Branch Rd, Dayton, VA 22821 $135,000 $116,000 116%
Dec 30, 2016 1458 Bradley Dr, Harrisonburg, VA 22801 $110,000 $76,800 143%
Dec 30, 2016 107 North St, Elkton, VA 22827 $125,000 $117,900 106%
Dec 30, 2016 8148 Goods Mill Rd, Mcgaheysville, VA 22840 $194,500 $112,200 173%
Dec 29, 2016 6673 Harpine Hwy, Linville, VA 22834 $337,000 $455,300 74%
Dec 29, 2016 1256 Old Richmond Cir, Harrisonburg, VA 22802 $157,300 $157,300 100%
 
 

 
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

 

Additional Harrisonburg Real Estate Resources....
BuyingAHomeInHarrisonburg.com SellingAHomeInHarrisonburg.com ScottPRogers.com HarrisonburgHousingMarket.com HarrisonburgHousingToday.com NewListingsInHarrisonburg.com HarrisonburgInvestmentProperties.com HarrisonburgAssessments.com HarrisonburgTownhouses.com WalkThroughThisHome.com BestDealsInHarrisonburg.com HarrisonburgApps.com HarrisonburgPropertyTransfers.com HarrisonburgForeclosures.com

Popular (yet sometimes hard to find) Searches....
HarrisonburgREO.com HarrisonburgShortSales.com NewListingsInHarrisonburg.com RecentlyReducedInHarrisonburg.com HarrisonburgNewHomes.com HarrisonburgLuxuryHomes.com Secret (MRIS) Listings

Popular single family home neighborhoods in and around Harrisonburg....
Ashby Heights Barrington Battlefield Estates Belmont Estates Bluestone Hills Bridlewood Crossroads Farm Fairway Hills Forest Hills Greendale Hampshire Estates Highland Park Holiday Hills Lake Pointe Lakewood Estates Madison Village Maplehurst Monte Vista Old Town Parklawn Park View Pleasant Hill Acres Preston Heights Preston Lake Purcell Park Reherd Acres Stone Spring Village Sunset Heights Westfield Wyndham Woods

Popular townhouse communities in and around Harrisonburg....
Avalon Woods Beacon Hill Townes Blakely Park Country Club Court Emerald Drive Estates Harmony Heights Liberty Square Liberty Square II Meadow Pointe Northfield Estates Parkcrest Preston Lake Reherd Acres Southside Heights Stonewall Heights Taylor Spring The Gables The Townes at Bluestone The Townes at Wellington Park Twin Gables Vista Terrace

Search for homes in your favorite city or town....
Bridgewater Broadway Dayton Elkton Grottoes Harrisonburg Keezletown Linville Massanutten Mount Crawford Penn Laird Port Republic

Popular New Home Communities....
Heritage Estates The Glen at Cross Keys The Townes at Bluestone Founders Way The Cottages at Stone Spring