When you're thinking about buying a home, it's easy to focus on what your monthly mortgage payment will be. But there's more to owning a home than just principal and interest. One key cost to keep in mind -- whether you're buying or already own a home -- is the real estate tax rate.

City of Harrisonburg

If you live in Harrisonburg, the city's real estate tax rate is $1.01 for every $100 of your home's assessed value.

For example, if your home is assessed at $300,000, your annual city tax bill would be about $3,030... or roughly $253 per month.

Rockingham County

If you're in Rockingham County, the real estate tax rate is lower... $0.68 for every $100 of assessed value.

So, a $300,000 home in the county would have an annual tax bill of about $2,040, or around $170 per month.

Knowing what to expect for property taxes can help you plan for the real cost of owning a home. It might even play a role in deciding whether you want to live in the city or the county. City taxes are higher, but you may get more services and conveniences. County homes often mean more space and lower yearly costs.

That said, property taxes are just one part of the bigger picture. The right home is the one that fits your lifestyle, location, and long-term plans -- including the tax rate.