GREENSBORO, N.C. — Get ready for sticker shock, because you’re about to get a notice in the mail this week showing you the new assessed property value of your home. Expect a big number.
“So obviously most of the property values have gone up, uh. Unprecedented increases in Guilford County, during my 38 years in this business, I’ve never seen values increase over a short period of time as drastically as they have. So on average, what we’re finding is that the tax, the real estate tax base, has increased about 40-45% at this point,” said Ben Chavis, Guilford County Tax Director.
A 45% jump in the assessed value of your home? That will impact how much property taxes you’ll pay. But the notice you’re going to get this week is not a bill, at least not yet…