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 920 residential sales between Jul 24, 2015 and Jul 22, 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
22% 43% 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% 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
Jul 22, 2016 606 Lone Pine Dr, Timberville, VA 22853 $128,000 $118,700 108%
Jul 19, 2016 1036 Chestnut Dr, Harrisonburg, VA 22801 $206,000 $196,000 105%
Jul 19, 2016 3513 Lairds Knob Dr, Keezletown, VA 22832 $178,000 $600,200 30%
Jul 19, 2016 1168 Portland Dr, Harrisonburg, VA 22801 $242,500 $230,000 105%
Jul 18, 2016 11926 Mountain Valley Rd, Harrisonburg, VA 22802 $160,000 $159,100 101%
Jul 18, 2016 1409 Crawford Ave, Harrisonburg, VA 22801 $169,900 $175,900 97%
Jul 18, 2016 149 Maryland Ave, Harrisonburg, VA 22801 $187,500 $164,300 114%
Jul 18, 2016 3731 Davis Rd, Penn Laird, VA 22846 $441,187 $423,600 104%
Jul 18, 2016 15352 Lone Pine Dr, Timberville, VA 22815 $130,000 $112,100 116%
Jul 15, 2016 3482 Oak Ridge Rd, Mount Crawford, VA 22841 $145,500 $107,400 135%
Jul 15, 2016 850 Vine St, Harrisonburg, VA 22802 $98,900 $103,500 96%
Jul 15, 2016 723 Flower Dr, Mcgaheysville, VA 22840 $192,500 $168,700 114%
Jul 15, 2016 911 Oakland St, Harrisonburg, VA 22802 $170,000 $146,700 116%
Jul 15, 2016 460 Andergren Dr, Harrisonburg, VA 22801 $467,500 $445,400 105%
Jul 15, 2016 153 Wilson Way, Mcgaheysville, VA 22840 $380,000 $305,200 125%
Jul 14, 2016 461 Lindsay Ave, Broadway, VA 22815 $186,000 $145,600 128%
Jul 14, 2016 11054 Port Republic Rd, Port Republic, VA 24471 $105,000 $119,900 88%
Jul 13, 2016 6918 Green Hill Rd, Linville, VA 22834 $165,500 $122,000 136%
Jul 13, 2016 10574 Phillips Store Rd, Broadway, VA 22815 $240,000 $171,300 140%
Jul 13, 2016 380 Confederacy Dr, Penn Laird, VA 22846 $295,000 $300,700 98%
Jul 12, 2016 511 Flower Dr, Mcgaheysville, VA 22840 $168,000 $143,800 117%
Jul 12, 2016 3974 Dixie Ridge Run Rd, Penn Laird, VA 22846 $265,000 $277,500 95%
Jul 11, 2016 104 Third St, Grottoes, VA 24441 $173,220 $88,700 195%
Jul 11, 2016 360 High St, Harrisonburg, VA 22802 $180,000 $199,200 90%
Jul 11, 2016 1280 Frost Pl, Harrisonburg, VA 22802 $154,000 $145,000 106%
 
 

 
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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