Greensboro homeowners will see a bigger property tax bill in the new fiscal year, after City Council approved a new tax rate and water-rate increase that affects nearly every household in the city.
The approved FY 2026-27 budget sets a citywide property tax rate of 79.85 cents per $100 of assessed value—a 12.6-cent increase. According to the city’s budget announcement, the rate is being applied against current property values rather than the new Guilford County reevaluation values, a shift triggered by North Carolina Senate Bill 889 passed in the state legislature. The budget takes effect July 1.
In plain terms: if your home was revalued upward in the recent countywide reassessment, you won’t be taxed on that new number yet. The city says the approach is meant to spread the burden more evenly across property owners rather than hitting recently revalued homeowners with a sharp jump all at once.
Water bills are going up too
Water customers will also feel the budget in their utility bills. The approved plan includes an 11.4% increase in water utility rates. The city pointed to water treatment chemical costs rising roughly 50% over the past four years as a primary driver…