What the 2026 Guilford County Revaluation Means for Property Taxes in Greensboro — And What It Means for 100 G Wafco Lane
If you own property in Guilford County — or you're considering buying here — you need to understand what is happening right now with property taxes, because the situation is more nuanced than the headlines suggest. Your new assessed value is only half the story. The other half won't be decided until June.
Here's a plain-language breakdown of where things stand, what the options are, and exactly what it means for a home like 100 G Wafco Lane.
What Just Happened: The 2026 Revaluation
Guilford County completed its 2026 property reappraisal, with new assessed values effective January 1, 2026. County tax officials had previously projected that overall property values would rise roughly 40 to 45 percent on average compared to the 2022 revaluation, with housing being one of the sectors seeing the largest increases. The Rhino Times
For 100 G Wafco Lane, the new 2026 assessed value is $215,100 — up from a prior value that reflects how dramatically the College Hill market has appreciated. The current tax amount at 2025 combined rate is $1,904 per year, or roughly $159 per month.
But here's what every property owner needs to understand: the reappraisal determines only one of the two components of your tax bill — the assessed value. The other component, the tax rate, is set by elected officials. The 2026 tax rates will not be set until June 2026, when elected officials will determine how much revenue will be needed to operate during the upcoming fiscal period running from July 1, 2026 through June 30, 2027. Guilford County
In other words, your tax bill could go up, stay the same, or even decrease depending on what the Guilford County Board of Commissioners and Greensboro City Council decide this spring.
The Current Tax Rates — Before Any Changes
Right now, Guilford County's property tax rate is $0.7305 per $100 of property valuation, and the City of Greensboro levies an additional $0.6725 per $100, which Greensboro residents pay on top of the county rate. FOX8 That combined rate of $1.4030 per $100 is what produced the $1,904 annual tax figure on this home in 2025
What the County Commissioners Are Deciding
This is where it gets important. The commissioners have three realistic paths:
Option 1 — Revenue-Neutral Rate North Carolina law requires the county to calculate a revenue-neutral rate — the rate that would generate roughly the same total revenue as the previous year. However, commissioners aren't required to adopt it. YES! Weekly If they did, the county would collect the same total dollars it collected before, just redistributed across the new higher values. County officials have estimated that if commissioners leave the tax rate unchanged under the new values, Guilford County would collect roughly $175 million more in revenue annually. The Rhino Times A revenue-neutral rate would bring that windfall to zero.
Republican Commissioner Pat Tillman has been vocal about this option. He told the Rhino Times he believes the board should seriously consider adopting a revenue-neutral rate, and said he may already have four votes lined up to try. The Rhino Times
Option 2 — Lower the Rate, But Not All the Way Economist Andrew Brod acknowledged that county commissioners may only have two realistic options: lower the rate to make it revenue-neutral, or lower it by a bit less to generate a slight increase in tax revenue. YES! Weekly Chairman Skip Alston has indicated this is the more likely path. Alston told the Rhino Times that the county won't keep all $175 million — "I don't think we need $175 million in order to balance our budget this year" — but also made clear the county is not planning to adopt a full revenue-neutral rate. The Rhino Times
Option 3 — Keep the Rate the Same If commissioners leave the rate exactly where it is, property owners with above-average increases would see their tax bills rise proportionally. If the tax rate is left where it is, some people who can least afford it could see their property tax bill double or even triple. The Rhino Times Most observers consider this outcome unlikely given the public pressure, but it remains on the table until June.
What Each Scenario Means for 100 G Wafco Lane
What About the City of Greensboro?
The City of Greensboro's property tax rate was 67.25 cents per $100 in both 2025 and 2026, and the city has been holding community budget sessions in each council district to gather input before the next budget cycle. FOX8 Two remaining sessions are scheduled for March 18 at the Greensboro Science Center and March 19 at Griffin Recreation Center. Residents can also provide feedback online through the city's Budget Input Survey and Balancing Act Budget Simulator through June 3.
The city rate decision is separate from the county's, and both will be finalized around the same time this summer.
What Should You Do Right Now?
If you already own property: The appeal deadline is May 15, 2026 at 5 p.m. Guilford County If you believe your new assessed value doesn't reflect your home's actual market value, you can submit an informal appeal online through the Guilford County Tax Department website, or by emailing taxreval@guilfordcountync.gov. You can also notify your mortgage company that your assessed value has changed so they can adjust your escrow account accordingly. Guilford County
If you're considering buying: The $1,904 current tax figure on 100 G Wafco Lane is a reasonable planning number today. Whether it adjusts up or down depends on June's rate decisions. What doesn't change is the underlying value: this home is listed at $205,000 — below its 2026 assessed value of $215,100 — in a walkable, historic neighborhood steps from the completed Downtown Greenway.
Have questions about what the revaluation means for buying or selling in Greensboro? Reach out directly.
Joy Watson | Joy@JoyWatsonRealEstate.com | (928) 699-8883View 100 G Wafco Lane
