Just as Guilford County leaders are preparing to set a new property tax rate that’s expected to come in higher than revenue neutral, lawmakers in Raleigh are moving forward with legislation that would temporarily block the use of the county’s newly increased property values.
The proposal – Senate Bill 889 –would require Guilford County and 11 other counties that completed reappraisals effective Jan. 1, 2026, to ignore those updated values for the upcoming 2026-2027 fiscal year and instead use older, pre-2026 property values when calculating tax bills.
In other words, after months of homeowners opening notices showing sharply higher property values, the state could step in and say: not so fast…