City of Harrisonburg Considers 5% Increase In Real Estate Tax Rate


City of Harrisonburg Considers 5% Increase In Real Estate Tax Rate
By Scott Rogers • May 24, 2021
Here's the current lay of the land as it relates to real estate taxes in the City of Harrisonburg... The current tax rate in the City of Harrisonburg is $0.86 per $100 of assessed value. Over the past (12) months the median sales price of homes in the City of Harrisonburg has been $225,000. If a home that sold for $225K was assessed for $225K the annual tax bill at the current rate ($0.86) would be $1,935. The owner of this median priced house would thus, theoretically, pay about $161.25 per month in real estate taxes. Harrisonburg City Council is considering an increase in the real estate tax rate... City Council might increase the real estate tax rate from $0.86 to $0.90. The owner of a $225K (median priced) home would then pay $2,025 per year in real estate taxes. This would be an increase of $90 per year. The owner of this theoretical home would then potentially pay $168.75 per month in real estate taxes. This would be an increase of $7.50 per month. Stay tuned for further news of decisions from City Council as to changes in the real estate tax rate! Receive Updates by Email Recent Articles: 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 Consider The Cost Of Your Planned Renovations When Planning Your Offer
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 21, 2024 (unless otherwise noted).
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