06/23/2026 | Press release | Distributed by Public on 06/23/2026 12:01
The Greensboro City Council has adopted the City's Fiscal Year 2026-27 budget as of June 16, which takes effect July 1, 2026. The adopted budget includes a total City property tax rate of 79.85 cents, representing a 12.6-cent adjustment on current property values to address rising service costs and sustain the essential services residents rely on every day.
The tax rate will be applied to current property values rather than the recent Guilford County revaluation values due to the passage of Senate Bill 889.
For clarity, Senate Bill 889 placed a one-year moratorium on Guilford County's property revaluation process, not on local property tax rates.
Traditionally, the City posts the budget 30 days after adoption. This allows our Budget & Evaluation department time to update the large document so it reflects all of the items in the final budget adopted by Council.
The adopted budget reflects Greensboro's commitment to maintaining high-quality services, meeting the demands of a growing community, and investing responsibly in the city's future. Revenue generated through the tax will support critical service areas including public safety, parks and recreation, solid waste and recycling, infrastructure, and water quality.
"This budget is about protecting the services residents count on while ensuring Greensboro remains positioned for continued growth and success," said City Manager Nathaniel "Trey" Davis. "We recognize that any tax increase affects families and businesses, and we approached this budget with a strong focus on accountability, efficiency, and long-term value for our community."
Budget Highlights:
"The reality is that the cost of providing services has increased significantly," Davis said. "This budget allows us to maintain the services residents expect, invest in our community's future, and continue moving Greensboro forward in a responsible and sustainable way."
For more information, visit the City's Budget and Evaluation webpage at www.greensboro-nc.gov/Budget.