Reappraisal is a process in which all real estate values are assessed at their market value as of a specific date. The purpose of a Reappraisal is to provide equalization among all types of properties. North Carolina General Statutes require each county to conduct a Reappraisal at least once every eight years. Guilford County conducts a Reappraisal every five years.

Market value is defined as 'the price estimated in terms of money at which the property would change hands between a willing and financially able buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of all the uses to which the property is adapted and for which it is capable of being used.'

The Reappraisal was conducted by in-house Guilford County appraisers who are certified and licensed by the State of North Carolina.

The notices will be mailed in February, 2022.

The other component is the tax rate. The tax rate is determined by elected officials such as the Guilford County Commissioners and the various City Councils. The 2022 tax rates will not be set until early to mid-June of 2022. The 2022- 2023 fiscal year will run from July 1, 2022 to June 30, 2023. 

Please visit our tax reappraisal home page. First, verify that your property records are correct by utilizing the Parcel Verify Tool. If any changes need to be made, they can be submitted electronically. Second, review the comparable sales for your neighborhood utilizing our Sales Review Tool. If you have additional questions, you can email questions to: taxappraisal@guilfordcountync.gov, call the tax office at 336-641-4814, or utilize Live Chat Feature. 

Your prior value can be found at; https://lrcpwa.ncptscloud.com/guilford/. Enter in your name or parcel number and the 2021 tax year and click on the bill number. The prior value will be on the left side of the page.

Local tax appraisers examine and analyze market activity including recent qualified sales. Mass appraisal formulas are applied in assessing values. For example, even though not all properties will sell, or rent, or be built at the same time, information from those that have sold can be used to establish typical market rates for each of these market activities. Those rates can then be applied to all properties to ensure that reasonable values can be developed in a uniform way.

In a mass appraisal, appraisers review properties by neighborhood. County appraisers inspect and review all buildings when they are constructed or when major changes are made. The tax office maintains full property records and utilizes additional tools such as aerial photography, GIS data, real estate sale data applications, etc. in determining property specifics. You can verify your property record specifics at (https://www.guilfordcountync.gov/our-county/tax/2022-reappraisal).

We do not mail listing forms in a reappraisal year. However, property owners are still required to list any updates/changes to their property in January of each year. You can submit the changes electronically on the Property Review Form found on the Reappraisal Home Page (https://www.guilfordcountync.gov/our-county/tax/2022-reappraisal).

Our appraisers spend a substantial amount of time qualifying all sales used to develop property values. Automated valuation models, or 'AVMs' such as those used by sites like Zillow or Trulia, do not research sales to determine if they meet requirements for qualification. These sites also do not have knowledge of local market variations

Remember that the tax value used for 2021 was actually the assessed value from the last reappraisal in 2017. Over the past five years, many, though not all  areas,  have experienced appreciation.

Property owners are required to report any changes made to their property during the calendar year. This requirement is in addition to obtaining any required building permit. In many cases, citizens may not have reported a change because they were unaware of the requirement. Appraisers are required to list and assess any discrepancies they discover.

The parcel could have changed after the county mailed the original notices. For example, a larger parcel could have been split into smaller parcels, or smaller parcels could have been combined to make a larger one. The lot could have been vacant and is now improved or improvements added (garage, pool, additions, etc.) that the tax office did not have on current records prior to the original mailing.

The tax department has created a web site just for this purpose! Please visit (https://www.guilfordcountync.gov/our-county/tax/2022-reappraisal) to verify your property records and submit any necessary changes. An appraiser will review your data and make any necessary changes to your property record card. If this results in a valuation change, you will receive an additional notice.

In some cases, software limitations or lack of appraiser access resulted in coded boxes being utilized to represent square footage. The boxes function as 'place holders'. The actual square footage is present in the 'total living area' on the property record card.

A staff appraiser will review the submitted data. Based on the type of data change requested, the appraiser will determine if they need to set up a field review for your property. The appraiser may also contact you for additional information. Typically, changes will be reflected within ten days. These changes may or may not affect your valuation. If a valuation change is determined by the appraiser, you will receive a new notice this spring.

No. Whenever a county has a general reappraisal, North Carolina law requires every property to be appraised at 100% of its market value, even if the value has changed substantially.

All sales are considered. However, some transactions do not accurately represent the overall market. Foreclosure or auction sales are not typically true market value sales and therefore are rarely indicative of market trends.

A single sale, even under normal market conditions, will not necessarily occur exactly at the expected market rate. The market rate is determined by considering many sales and then determining what the overall market picture looks like.

Our tax appraisers are all local appraisers with extensive experience in Guilford County. Sales from nearby similar neighborhoods may have been utilized and mass appraisal techniques applied in assessing value. All our appraisers are certified with the NC Department of Revenue and most also hold certifications with the NC Appraisal Board.

1. The market value substantially exceeds the actual market value of the property.
2. The market value is inconsistent with the market value of similar properties within your neighborhood.

1. The market value increased too much compared to the 2017 market value.
2. The owner can't afford to pay the taxes.
3. The market value is more than the construction cost.
4. The market value is more than the insurance value.
5. The market value is just too high.

The first step is the informal review request form. You can submit it online https://www.guilfordcountync.gov/our-county/tax/2022-reappraisal or mail the form included on the back of your notice of assessed value. Your right to appeal to the Board of Equalization and Review is protected during the review process. The deadline for filing the informal review request is March 22, 2022 at 5pm EST.