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Table VIII
Page 1 of 2
Assessed Value and Estimated Actual Value of All Taxable Property
Fiscal Years Ended June 30, 2007-2016
Fiscal
Total
Year
Tax
Real
Personal
Corporate
Assessed
Ended
Year (b)
Property
Property
Excess
Value (a)
2007
2006
17,524,506,527
$
3,995,518,469
$
534,612,872
$
22,054,637,868
$
2008
2007
17,919,699,370
4,140,513,368
534,486,803
22,594,699,541
2009
2008
19,320,504,905
4,313,286,742
551,042,202
24,184,833,849
2010
2009
19,650,280,337
4,156,861,685
541,009,190
24,348,151,212
2011
2010
19,741,417,184
3,958,200,231
520,167,824
24,219,785,239
2012
2011
19,878,341,347
4,071,363,605
506,765,998
24,456,470,950
2013
2012
19,870,291,980
4,275,378,062
515,306,095
24,660,976,137
2014
2013
19,933,608,147
4,967,852,010
521,626,023
25,423,086,180
2015
2014
20,085,442,933
4,635,287,567
552,000,244
25,272,730,744
2016
2015
20,261,492,234
4,791,348,871
617,692,366
25,670,533,471
(a)
(b)
(c)
The City's property tax is levied each July 1 on the assessed value listed as of the prior
January 1 for all real and personal property located within the City, other than motor vehicles.
Assessed valuations are established by Guilford County at 100% of estimated market value for
real property and 100% of actual value for personal property. Public service company
(corporate excess) property is certified by the State of North Carolina at 100% of actual value,
with no distinction between real and personal property values. Property taxes on registered
motor vehicles are collected by the State of North Carolina at time of vehicle registration or
within sixty days if the vehicle is purchased from a registered dealer. Collections are then
remitted to Guilford County for subsequent distribution to the City.
A revaluation of real property is required by North Carolina General Statutes at least every
eight years. In February 2014 the Board of County Commissioners of Guilford County
approved a change in revaluation cycle from eight to five years. The last revaluation was
completed for tax year 2012, effective in FY2013. The next revaluation will occur in 2017.
Total direct tax rate is a weighted average rate of all types of City of Greensboro tax rates,
based on the applicable portion of the taxable property assessed.
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