Guilford County properties could see their total assessed values grow on average by more than 40% as officials continue the revaluation process.
The Tax Department is currently reappraising more than 200,000 properties. According to officials, the county’s sales ratio — a formula that looks at assessed value versus recent sale prices — was below the state requirement and triggered the process sooner than usual.
Guilford County Tax Director Ben Chavis told commissioners at a recent retreat that the average increase is expected to be between 40 and 45%. But the number is not a guarantee of what any individual homeowner or business will see…