Guilford County Tax Director Ben Chavis and his Tax Department have now arrived at the updated values of every house, building and piece of property in Guilford County as part of the “2022 reevaluation,” and, on Thursday, Feb. 24, Guilford County government announced that the Tax Department was sending those notices out to residential property owners.
The note from the Tax Department will almost certainly say that your property is worth more than it was five years ago – the last time the county conducted a revaluation.
Your property value – if in fact it is higher – will also mean a higher property tax bill this summer even if the county’s tax rate remains the same.
A February 24 press release from the county states: “The Guilford County Tax Department has mailed 2022 reappraisal notices to all residential real property owners. The valuation notices reflect the market value for residential properties as of January 1, 2022.”
The county’s reappraisal, the press release states, was completed entirely by in-house appraisal staff with knowledge of the local real estate market.
The notice went on to add that appraisers used “neighborhood comparable sales from the past two years (2020 and 2021)” to help determine the current market value of residential properties.
That factor– known as “comps” – is one of many that the county uses to assess property values.
More information as to how your property’s market value was determined can be found at the Tax Department’s website at www.guilfordcountync.gov/our-county/tax/2022- reappraisal.
The notice that property owners get from the county will also include more information as to how the value was calculated.
There will be an appeal process for those who consider the value unfair.
Commercial real property owners will receive their reappraisal notices in March.
We have two SS checks and very little else. Our cars are 11 & 15 years old. In a couple-three years, we’ll have to sell the house, and move in with mom. That will be fun.
I guess you boys and girls downtown will be OK, won’t you?
I just hope it’s not same ones who appraised my Ford truck about 3 years ago sight unseen and said it was worth over $13,500.00 , but then again maybe SKIP might wanna buy it for another hot dog shop!
Don’t appeal. If you do a “contractor” will come out and say your $200 old building listed as a garage is going to be adjusted, but, oh, you have a deck that’s not listed, and it is worth $10k even if it was there when you bought the house over 10 years earlier (at the time) and then wants to come into your house.
The guy was seriously scary. Not in my house.
Never fight city hall or county. Waste of time. And will cost you more money.
The same commenters always belly aching regardless of the story in this publication. What a bunch of sad sacks.
I agree with you. I am guilty. The 1st Amendment grants the right for us to speak our minds. When it comes to our govt, there is enough dissatisfaction for all of us. This is a good forum for that.
You have free will Don’t read us.
Some jurisdictions, in my experience, will undervalue homes broadly in these situations. Makes the sting feel less even if your tax rate is way high.
Not so with this adjustment. My house tax value is now $15,000 MORE than I paid for it one year ago. Could I sell it for that? Quite possibly…but not if the market contracts…and the total tax bill went up by $1000/year.
Just received my Reappraisal Notice – a 27% increase! I called and of course was told that this was based upon sales of homes in my neighborhood. With no decease in the tax rate, we all will be paying more taxes and what do we get in return? Perhaps a hotel for the homeless? Let’s vote everyone out that is against decreasing the tax rate.