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 851 residential sales between Jan 17, 2018 and Jan 16, 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
115% 120% 124%
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
62% 70% 75%
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
4% 6% 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
20% 39% 54%
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
Jan 16, 2019 148 Sweetgum St, Elkton, VA 22827 $228,000 $187,700 121%
Jan 15, 2019 304 Ridgewood Ave, Broadway, VA 22815 $132,000 $97,300 136%
Jan 15, 2019 1520 Apple Ridge Ct, Harrisonburg, VA 22801 $335,000 $302,300 111%
Jan 14, 2019 1030 Toppin Blvd, Harrisonburg, VA 22801 $200,000 $171,300 117%
Jan 11, 2019 1495 Indian Trail Rd, Keezletown, VA 22832 $20,000 $98,500 20%
Jan 11, 2019 9289 Lee Hwy, Mount Crawford, VA 22841 $80,000 $116,000 69%
Jan 10, 2019 2325 Breckenridge Ct, Harrisonburg, VA 22801 $153,000 $145,400 105%
Jan 8, 2019 5295 Trevino Dr, Mcgaheysville, VA 22840 $365,000 $273,500 133%
Jan 7, 2019 11353 Brocks Gap Rd, Fulks Run, VA 22830 $530,000 $314,700 168%
Jan 7, 2019 2280 Ramblewood Rd, Harrisonburg, VA 22801 $317,000 $281,300 113%
Jan 4, 2019 867 Summit Ave, Harrisonburg, VA 22802 $395,000 $322,200 123%
Jan 4, 2019 367 Essex St, Broadway, VA 22815 $195,000 $156,500 125%
Jan 4, 2019 1336 Devon Ln, Harrisonburg, VA 22801 $163,312 $160,100 102%
Jan 4, 2019 11 Village Sq, Harrisonburg, VA 22802 $164,500 $152,400 108%
Jan 3, 2019 482 Pheasant Run Cir, Harrisonburg, VA 22801 $155,000 $141,300 110%
Jan 3, 2019 166 Deer Dr, Mcgaheysville, VA 22840 $320,000 $313,000 102%
Jan 3, 2019 414 North River Rd, Bridgewater, VA 22812 $172,000 $128,100 134%
Dec 31, 2018 223 Emerson Ln, Harrisonburg, VA 22802 $174,900 $162,100 108%
Dec 28, 2018 4095 Hudson Cir, Harrisonburg, VA 22801 $165,000 $118,400 139%
Dec 28, 2018 649 Jade Ct, Broadway, VA 22815 $335,000 $301,800 111%
Dec 28, 2018 1304 Dulcimer Ln, Grottoes, VA 24441 $226,000 $158,100 143%
Dec 28, 2018 2341 Breckenridge Ct, Harrisonburg, VA 22801 $115,000 $119,500 96%
Dec 28, 2018 7064 Wengers Mill Rd, Linville, VA 22834 $169,900 $140,900 121%
Dec 28, 2018 8416 Daphna Rd, Broadway, VA 22815 $240,000 $175,600 137%
 
 

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