City Values Show Slight Decline

Reassessment Close To Current Figures

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Posted: November 27, 2012

The city sent out roughly 9,000 real estate assessment notices to residents last week, assigning values to properties in line with the current market. The total assessed value of townhouses, like those seen along Meadowlark Drive in Harrisonburg, decreased 2.5 percent in the past year to $381 million. (Photo by Nikki Fox)
HARRISONBURG — Even though the value of the city’s taxable property dipped about 1 percent in the most recent reassessment, Lisa Neunlist, Harrisonburg’s real estate director, sees reason for…

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