Greensboro, Guilford County, North Carolina Property Taxes

Local government entities determine tax rates, which can differ significantly across a state. This variability occurs because each county estimates its annual budget to fund services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the essence of the yearly process.

Below, you can compare Greensboro’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S. Greensboro, located in Guilford County, has a median property tax rate of 1.36%, which is higher than the national median of 1.02%. This rate is consistent across various zip codes within the city, such as 27401 and 27406. The median property tax bill in Greensboro aligns with the county's needs and reflects the local government's commitment to providing essential services. Understanding these rates helps property owners make informed decisions and consider potential savings through property tax appeals or exemptions.

In Greensboro, located in Guilford County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, determining the annual tax bill. Factors such as property location, market trends, and any improvements made to the property can influence its assessed value. For example, the median home price in Greensboro is $159,700, and the median tax bill varies significantly across the city, with the 25th percentile at $1,221 and the 90th percentile reaching $4,502. The highest median tax bill in the area is $3,223, while the lowest stands at $1,165. These figures highlight the importance of understanding the factors affecting your tax bill and seeking ways to minimize it.

Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions. By analyzing your property's assessment and comparing it with similar properties, Ownwell helps ensure that homeowners are not overpaying on their property taxes, potentially saving them a significant amount of money each year.