Assessments Up, Assessments Down


Assessments Up, Assessments Down
By Scott Rogers • November 30, 2007
"The city's annual reassessment shows a preliminary average increase in property values of 6 percent, according to Commissioner of the Revenue June Hosaflook." Source: Daily News Record, November 27, 2007 Interestingly, one of my clients e-mailed me earlier this week indicating that his assessed value had gone down approximately $2,000 from 2006 to 2007. Great news relative to his tax burden --- questionable news relative to the one-year change in the value of his house. Also this week, on WSVA's Home Show, we had a call from another city resident whose assessment decreased. According to the City, some neighborhoods went up dramatically in assessed value, and some went down year to year. The common thread in almost all of the neighborhoods was that the land assessment stayed constant or went up --- land almost always appreciates or holds its value. Receive Updates by Email Recent Articles: Is There A Price You WOULD Pay For This House? There Are Plenty Of Types Of Houses That Exist That Just Are Not Available To Purchase Home Sales By Price Range In The City Of Harrisonburg Are You Compromising On Aspects Of Your Next Home That You Can Or Cannot Change Later? How Much Slower Are The Winter Months In Our Local Housing Market? Rockingham County and New Home Sales Drive Surge in Area Housing Market Find The Balance Between Optimistic And Realistic Home Pricing Room Size Is Difficult To Understand Solely From Real Estate Photos How Much Would You Value Not Having To Prepare Your Home For Showings? One Out Of Four Homes Is Taking Longer Than A Month To Sell
Have any questions? Contact Scott Rogers at 540-578-0102 or scott@funkhousergroup.com
Based on information from the Harrisonburg-Rockingham Association of REALTORS® or its MLS, for the period Jan 1, 2000 through Nov 25, 2024 (unless otherwise noted).
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