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 926 residential sales between Sep 25, 2015 and Sep 23, 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% 109% 113%
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% 44% 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
11% 10% 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
10% 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
Sep 23, 2016 5387 North Valley Pike, Harrisonburg, VA 22802 $300,000 $162,400 185%
Sep 23, 2016 33 Laurel St, Harrisonburg, VA 22801 $272,000 $225,700 121%
Sep 22, 2016 91 Hope St, Harrisonburg, VA 22801 $239,000 $192,300 124%
Sep 21, 2016 2488 Mayland Rd, Broadway, VA 22815 $115,000 $113,000 102%
Sep 21, 2016 119 Mckinery Rd, Elkton, VA 22827 $200,000 $208,200 96%
Sep 20, 2016 2699 South Branch Rd, Elkton, VA 22827 $82,575 $130,100 63%
Sep 16, 2016 13523 Rockingham Pike, Elkton, VA 22827 $161,000 $122,600 131%
Sep 16, 2016 7464 Spring Creek Rd, Bridgewater, VA 22812 $123,000 $157,500 78%
Sep 16, 2016 3012 John Wayland Hwy, Dayton, VA 22821 $182,500 $159,600 114%
Sep 16, 2016 4534 Palmer Rd, Mcgaheysville, VA 22840 $197,500 $130,400 151%
Sep 16, 2016 532 Pheasant Run Cir, Harrisonburg, VA 22801 $140,400 $139,800 100%
Sep 16, 2016 1039 John Paul Jones Ln, Harrisonburg, VA 22802 $151,000 $149,500 101%
Sep 16, 2016 1055 Blue Ridge Dr, Harrisonburg, VA 22802 $140,000 $148,500 94%
Sep 16, 2016 301 Keckley Ct, Broadway, VA 22815 $250,000 $208,700 120%
Sep 15, 2016 9193 Cave Hill Rd, Mcgaheysville, VA 22840 $300,000 $284,700 105%
Sep 15, 2016 5327 Trevino Dr, Mcgaheysville, VA 22840 $187,000 $181,700 103%
Sep 15, 2016 284 Rayann Ln, Broadway, VA 22815 $196,200 $157,000 125%
Sep 15, 2016 237 Kelley St, Harrisonburg, VA 22802 $100,000 $73,100 137%
Sep 15, 2016 275 West Ave, Harrisonburg, VA 22801 $222,000 $174,800 127%
Sep 14, 2016 315 Dogwood Dr, Harrisonburg, VA 22802 $185,000 $2,879,600 6%
Sep 13, 2016 648 Collicello St, Harrisonburg, VA 22801 $157,000 $130,300 120%
Sep 12, 2016 2550 Oak Grove, Mcgaheysville, VA 22840 $220,000 $296,500 74%
Sep 12, 2016 20096 Cold Spring Rd, Timberville, VA 22853 $255,000 $302,700 84%
Sep 12, 2016 150 Jackson St, Broadway, VA 22815 $85,000 $116,000 73%
 
 

 
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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