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 922 residential sales between Aug 26, 2015 and Aug 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
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% 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% 29%
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
Aug 24, 2016 13578 Kay Dr, Timberville, VA 22853 $235,000 $263,800 89%
Aug 24, 2016 165 Eastview St, Dayton, VA 22821 $227,300 $138,800 164%
Aug 24, 2016 882 Bloomer Springs Rd, Mcgaheysville, VA 22840 $850,000 $983,700 86%
Aug 23, 2016 1725 Meadow Top Ln, Mount Crawford, VA 22841 $363,000 $296,000 123%
Aug 22, 2016 111 Dogwood Dr, Bridgewater, VA 22812 $265,000 $230,100 115%
Aug 22, 2016 1237 Frost Pl, Harrisonburg, VA 22802 $160,000 $152,800 105%
Aug 22, 2016 102 Northshore Dr, Bridgewater, VA 22812 $238,000 $182,900 130%
Aug 22, 2016 649 Jade Ct, Broadway, VA 22815 $330,000 $301,800 109%
Aug 22, 2016 536 Mountain View Dr, Harrisonburg, VA 22801 $331,000 $331,500 100%
Aug 22, 2016 124 Dry River Rd, Bridgewater, VA 22812 $229,600 $169,700 135%
Aug 22, 2016 9225 King Russell Ct, Mcgaheysville, VA 22840 $278,500 $235,700 118%
Aug 19, 2016 1210 King Edwards Way, Harrisonburg, VA 22801 $259,000 $251,800 103%
Aug 19, 2016 201 Hill Ave, Elkton, VA 22827 $152,500 $126,700 120%
Aug 19, 2016 3214 Old Furnace Rd, Harrisonburg, VA 22802 $545,000 $304,700 179%
Aug 19, 2016 1444 Mt Olivet Church Rd, Elkton, VA 22827 $428,000 $462,600 93%
Aug 19, 2016 273 Alleghany Dr, Mcgaheysville, VA 22840 $186,500 $173,100 108%
Aug 19, 2016 147 Diamond Ct, Harrisonburg, VA 22801 $305,000 $349,100 87%
Aug 18, 2016 320 Second Ave, Timberville, VA 22853 $99,900 $67,500 148%
Aug 18, 2016 1274 Victorian Village Dr, Harrisonburg, VA 22802 $159,000 $151,000 105%
Aug 17, 2016 398 E Elizabeth St, Harrisonburg, VA 22802 $164,900 $159,000 104%
Aug 16, 2016 1870 Manor Dr, Harrisonburg, VA 22801 $282,500 $246,300 115%
Aug 16, 2016 9779 Woodlands Church Rd, Linville, VA 22834 $118,500 $116,500 102%
Aug 16, 2016 251 Suter St, Harrisonburg, VA 22802 $150,000 $157,800 95%
Aug 16, 2016 2378 King Arthurs Ct, Harrisonburg, VA 22801 $166,000 $142,000 117%
Aug 15, 2016 2382 Breckenridge Ct, Harrisonburg, VA 22801 $137,500 $122,800 112%
 
 

 
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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