Both the City of Harrisonburg and Rockingham County have reassessed properties in their respective areas, which means your property value may have changed. When your notice of reassessment comes, if you think the City or the County are way off in their reassessment, know that there are ways to appeal...
2010 Rockingham County Reassessment Information
According to the Virginia Constitution, all real estate must be assessed at market value, so Rockingham County is performing reassessments again. The last reassessment occurred in 2005, and was effective January 1, 2006. Now that 2010 is here, its time for another round! County officials actually began reassessing properties about...
Rockingham County Taxes: Land Use Assessments
In our last post, we informed you how to claim your first time home buyer tax credit. For those of you who own (or are thinking about purchasing) land in Rockingham County, there may be some tax benefits for you, depending on how you use your land. If you meet...
How To Claim Your Home Buyer Tax Credit
Tax season is here, and will be gone before we know it! If you used the first time home buyer tax credit in 2009, or are thinking about claiming the extended tax credit this year, you’ll want IRS Form 5405. For a full set...
Rehab That House With The FHA 203(k) Loan Program
The Federal Housing Administration (FHA) has a loan program for rehabilitating homes and communities called the 203(k) Loan Program. Better known as a “Rehab Loan.” This program is meant to encourage new home ownership, rehabilitation of neighborhoods, and communities. One advantage of this program is that “buyers can focus on...
Harrisonburg Area Real Estate Market Report: December 2009
Happy New Year! With another month (and year) coming to a close, it is time to review the previous month and look at the stats for 2009. Honestly, 2009 was a tough year for many, and this report proves it, but our area was thankfully not hit nearly as hard...