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Home Values compared to Tax Assessments in the City of Harrisonburg |
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I'm asked quite frequently about the relationship between home values and tax assessments. After a lengthy analysis of the 266 home sales in the City of Harrisonburg during 2011, as recorded in the HRAR MLS, here is what I'm finding....  click the infographic above for a printable PDF version | |
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
Harrisonburg Townhouses
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Heritage Estates
The Glen at Cross Keys
Cottages @ Stone Spring
Liberty Square
Founders Way
Harrisonburg Foreclosures
Bank Owned Properties
Potential Short Sales
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Scott - Is there any way to break out or evaluate how many of the 2011 sales were REO, foreclosure, short sale or other distressed properties? My guess is that not only did this 10-15% subset distort median and average pricing, it likely also filled in a large bulk of the sales showing less than 85% of assessment.
March 19, 2012 2:26 pm
Todd -- the data above actually excludes all of the distressed properties (REO, short sale).
And this post shows the impact of distressed sales in 2011.
March 20, 2012 7:00 am
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