Property taxes are already a very sore subject in Guilford County; however next year’s countywide revaluation – with average housing values expected to increase right at 50 percent of 2022 values – threatens to turn simmering frustration into full-blown anger unless local governments move aggressively to offset higher values with lower tax rates.
The current Democratic-majority Guilford County Board of Commissioners has shown no propensity to lower taxes; however, there may be a ray of light from the state that could mean in 2026 county residents won’t be hit by another whopping increase in their tax bill.
A warning came through clearly recently from longtime Guilford County legislator Rep. John Blust during remarks to the Summerfield Town Council, where he said residents should brace themselves for what could be a “whopping property tax increase” in 2026 if city and county leaders fail to act…