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 916 residential sales between May 27, 2015 and May 25, 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
102% 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% 56%
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
13% 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
8% 20% 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
May 25, 2016 2370 Friedens Church Rd, Mount Crawford, VA 22841 $220,000 $185,200 119%
May 25, 2016 399 Hickory Grove Cir, Harrisonburg, VA 22801 $207,000 $188,900 110%
May 25, 2016 10490 Bevans Ln, Broadway, VA 22815 $645,000 $700,900 92%
May 25, 2016 7386 Spring Creek Rd, Bridgewater, VA 22812 $170,000 $132,700 128%
May 24, 2016 16276 New Market Rd, Timberville, VA 22853 $127,050 $147,700 86%
May 24, 2016 1763 Park Lawn Dr, Harrisonburg, VA 22801 $174,000 $194,000 90%
May 23, 2016 703 Flower Dr, Mcgaheysville, VA 22840 $185,000 $179,700 103%
May 23, 2016 1118 Woodleigh Ct, Harrisonburg, VA 22802 $200,000 $189,600 105%
May 23, 2016 1211 Woodcrest Cir, Harrisonburg, VA 22801 $290,000 $219,400 132%
May 23, 2016 121 4th St, Broadway, VA 22815 $129,900 $141,100 92%
May 21, 2016 6459 Wengers Mill Rd, Linville, VA 22834 $124,000 $107,100 116%
May 20, 2016 690 Gravels Rd, Harrisonburg, VA 22802 $165,000 $131,000 126%
May 20, 2016 3310 Legion Way, Broadway, VA 22815 $159,000 $126,600 126%
May 20, 2016 257 Kensington Dr, Elkton, VA 22827 $211,000 $217,900 97%
May 20, 2016 318 Melvin Cir, Bridgewater, VA 22812 $363,000 $314,400 115%
May 19, 2016 4501 Ridgecrest Ct, Harrisonburg, VA 22801 $329,900 $246,500 134%
May 18, 2016 295 Emerald Dr, Harrisonburg, VA 22801 $175,500 $177,000 99%
May 18, 2016 7282 Onyx Hill Rd, Dayton, VA 22821 $118,000 $130,600 90%
May 17, 2016 17699 Old Barn Ln, Elkton, VA 22827 $154,500 $152,200 102%
May 16, 2016 2110 Whispering Springs Rd, Harrisonburg, VA 22801 $255,000 $260,100 98%
May 16, 2016 227 Emerald Dr, Harrisonburg, VA 22801 $212,900 $196,400 108%
May 16, 2016 7594 Warm Springs Pike, Bridgewater, VA 22812 $210,000 $167,000 126%
May 16, 2016 279 Ridgewood Ave, Broadway, VA 22815 $180,000 $167,900 107%
May 16, 2016 1358 Bradley Dr, Harrisonburg, VA 22801 $106,000 $76,800 138%
May 16, 2016 5661 Glade View Dr, Bridgewater, VA 22812 $198,800 $188,400 106%
 
 

 
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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