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 837 residential sales between Jun 25, 2018 and Jun 24, 2019 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
117% 122% 126%
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
68% 74% 78%
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
5% 7% 8%
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
27% 45% 58%
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
Jun 24, 2019 20243 Simmons Gap Rd, Elkton, VA 22827 $251,900 $176,200 143%
Jun 21, 2019 2598 Newtown Rd, Elkton, VA 22827 $120,000 $141,700 85%
Jun 21, 2019 1264 Old Richmond Cir, Harrisonburg, VA 22802 $160,000 $156,100 102%
Jun 21, 2019 558 Market St, Harrisonburg, VA 22801 $225,000 $159,900 141%
Jun 21, 2019 6315 Runkles Gap Rd, Elkton, VA 22827 $191,300 $165,600 116%
Jun 20, 2019 541 Viewmont Ct, Harrisonburg, VA 22802 $184,200 $149,700 123%
Jun 20, 2019 1600 Central Ave, Harrisonburg, VA 22801 $204,900 $176,700 116%
Jun 20, 2019 406 Glenfield Ct, Harrisonburg, VA 22802 $139,000 $105,100 132%
Jun 20, 2019 15428 Evergreen Valley Rd, Timberville, VA 22853 $151,000 $91,900 164%
Jun 20, 2019 3138 Annie Ln, Elkton, VA 22827 $94,300 $113,100 83%
Jun 20, 2019 15030 North Mountain Rd, Broadway, VA 22815 $825,000 $632,000 131%
Jun 20, 2019 163 Greenwood Ct, Mcgaheysville, VA 22840 $276,000 $188,800 146%
Jun 19, 2019 5945 Donnagail Dr, Penn Laird, VA 22846 $232,000 $176,600 131%
Jun 19, 2019 205 20th St, Grottoes, VA 24441 $224,900 $135,900 165%
Jun 19, 2019 631 Stonewall Dr, Harrisonburg, VA 22801 $157,500 $136,700 115%
Jun 18, 2019 7194 Blair Meadow Ln, Mount Crawford, VA 22841 $235,000 $175,200 134%
Jun 18, 2019 2211 Reservoir St, Harrisonburg, VA 22801 $143,000 $123,100 116%
Jun 18, 2019 121 Fort Rd, Mcgaheysville, VA 22840 $200,000 $156,900 127%
Jun 17, 2019 154 Wildwood Dr, Bridgewater, VA 22812 $319,000 $216,700 147%
Jun 17, 2019 11061 Port Republic Rd, Port Republic, VA 24471 $265,000 $209,000 127%
Jun 17, 2019 112 Pleasant Hill Rd, Harrisonburg, VA 22801 $165,995 $146,000 114%
Jun 17, 2019 10480 Daphna Rd, Broadway, VA 22815 $186,000 $115,400 161%
Jun 17, 2019 653 Stonewall Dr, Harrisonburg, VA 22801 $158,000 $133,300 119%
Jun 17, 2019 3193 Hopkins Dr, Mcgaheysville, VA 22840 $365,000 $290,500 126%
Jun 14, 2019 150 3rd St, Broadway, VA 22815 $145,900 $99,600 146%
 
 

 
Have Questions?  Contact Scott P. Rogers at 540-578-0102 or scott@HarrisonburgHousingToday.com.