Greensboro, North Carolina Property Taxes
The median property tax rate in Greensboro, NC is 1.36%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Greensboro at $159,700, the typical annual property tax bill reaches $1,970, which is below the national median of $2,690. Property taxes in Greensboro are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greensboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Greensboro or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greensboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$2,172
Ownwell’s Greensboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greensboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greensboro to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Greensboro, North Carolina
Property taxes in Greensboro, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greensboro is 1.36%, higher than the U.S. national median of 0.99%. Local government entities within Greensboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greensboro estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Greensboro's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27401 zip code has the highest median property tax rate of 1.36%, while the 27406 zip code has the lowest median tax rate of 1.36%. Understanding how these cities compare with Greensboro provides valuable insights into the varying tax landscape across Guilford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greensboro Tax Rate
1.36%
Average Guilford County Tax Rate
1.35%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greensboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27214 | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% |
| 27301 | N/A | N/A | N/A | N/A | N/A |
| 27401 | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% |
| 27403 | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% |
| 27405 | 0.86% | 1.36% | 1.36% | 1.36% | 1.36% |
| 27406 | 0.87% | 0.89% | 1.36% | 1.36% | 1.36% |
| 27407 | 0.87% | 0.91% | 1.36% | 1.36% | 1.36% |
| 27408 | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% |
| 27409 | 0.83% | 1.35% | 1.36% | 1.36% | 1.36% |
| 27410 | 1.36% | 1.36% | 1.36% | 1.36% | 1.36% |
| 27412 | N/A | N/A | N/A | N/A | N/A |
| 27455 | 0.86% | 0.87% | 1.36% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Greensboro, North Carolina
In Greensboro, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Guilford County Tax Department for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Greensboro, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, in zip code 27214, the highest median tax bill is $4,967, while in zip code 27401, the lowest median tax bill is $1,165. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Greensboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Greensboro, North Carolina
Source: Ownwell
$15,000
$189,700
$364,400
Average Greensboro Assessed Value
$159,700
Average Guilford County Assessed Value
$164,700
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greensboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27214 | $364,400 | $364,400 | $364,400 | $364,400 | $364,400 |
| 27301 | N/A | N/A | N/A | N/A | N/A |
| 27401 | $33,580 | $59,300 | $85,800 | $129,000 | $241,960 |
| 27403 | $57,600 | $79,900 | $138,200 | $258,400 | $379,500 |
| 27405 | $44,100 | $76,100 | $110,700 | $156,700 | $213,800 |
| 27406 | $40,100 | $76,200 | $125,750 | $186,300 | $263,000 |
| 27407 | $60,100 | $103,700 | $143,300 | $210,200 | $295,380 |
| 27408 | $126,600 | $162,900 | $231,200 | $415,025 | $634,770 |
| 27409 | $78,550 | $96,100 | $137,700 | $208,600 | $277,500 |
| 27410 | $126,600 | $181,900 | $239,200 | $308,500 | $401,100 |
| 27412 | N/A | N/A | N/A | N/A | N/A |
| 27455 | $105,020 | $162,800 | $227,200 | $369,900 | $517,880 |
Source: Ownwell
Property Tax Bills Across Greensboro, North Carolina
In Greensboro, property tax bills are determined by multiplying the assessed value of a home by the local tax rate set by Guilford County. The assessed value is typically a percentage of the market value, which is reevaluated periodically to reflect changes in the housing market. For example, with a median home price of $159,700, homeowners can expect varying tax bills depending on their specific property and neighborhood. Several factors influence the final tax bill, including property location and any applicable exemptions. In Greensboro, the tax bill ranges significantly; the 25th percentile is around $1,221, while the 75th percentile reaches $3,119. The highest median tax bill in the area is $4,967, found in the 27214 zip code, whereas the lowest is $1,165 in the 27401 zip code. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Understanding these factors can help homeowners anticipate their annual expenses and plan accordingly.
Average Greensboro Tax Bill
$1,970
Average Guilford County Tax Bill
$1,922
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Greensboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27214 | $4,967 | $4,967 | $4,967 | $4,967 | $4,967 |
| 27301 | N/A | N/A | N/A | N/A | N/A |
| 27401 | $492 | $797 | $1,165 | $1,773 | $3,318 |
| 27403 | $773 | $1,067 | $1,856 | $3,500 | $5,154 |
| 27405 | $543 | $939 | $1,374 | $1,970 | $2,734 |
| 27406 | $468 | $905 | $1,417 | $2,068 | $2,697 |
| 27407 | $755 | $1,264 | $1,795 | $2,498 | $3,525 |
| 27408 | $1,637 | $2,197 | $3,142 | $5,643 | $8,651 |
| 27409 | $987 | $1,240 | $1,567 | $2,565 | $3,170 |
| 27410 | $1,668 | $2,433 | $3,223 | $4,142 | $5,354 |
| 27412 | N/A | N/A | N/A | N/A | N/A |
| 27455 | $1,289 | $2,078 | $2,932 | $4,267 | $5,932 |
Source: Ownwell