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Board of Equalization adjusts assessments for three rental properties after appeals by John Munger
Summary
The Harrisonburg Board of Equalization reviewed appeals from property owner John Munger and voted Thursday to maintain the appraisal for 330 North High Street, lower the assessment for 309 Chicago Avenue, and leave 332 Old South High Street unchanged after staff review of appraisals and income data.
The Harrisonburg Board of Equalization on Thursday considered appeals from John Munger, who said he purchased several small rental properties through Ham Holdings and asked the board to reconsider their assessed values.
Munger told the board the two properties he bought together were purchased for $550,000 and that he and his partners had since spent money on a new roof and interior repairs. “We bought those 2 properties for a purchase price of $550,000,” Munger said during his appearance.
Board members reviewed the city’s property cards, two appraisals…
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