According to an Agent Advice report on the cities with the highest property tax increases in the nation, Greensboro has a shot at being number one in 2022-23.
The data used for the report is from the 2021 tax year. Greensboro did not have a property tax rate increase in the 2021-22 fiscal year and is not on the list for 2021.
However, judging by the number one city listed for 2021, Greensboro has a good chance of being number one in 2022.
According to a City of Greensboro staff report, the estimated average property tax increase in Greensboro this fiscal year is approximately 30%.
According to Agent Advice, in 2021, the highest property tax increase in the country was 29.2% in Lancaster, Pennsylvania.
So depending on exactly where that 30% or so is, Greensboro should definitely be near the top of the country in 2022.
In 2021, Winston-Salem had the highest property tax increase in North Carolina at 20.5%, which was high enough to be number five in the nation.
Charlotte was second in North Carolina and number 16 in the nation with a property tax increase of 10.8%.
Greenville, South Carolina, a city that Greensboro leaders are trying to emulate, was number 18 in the nation with a 9.9% property tax increase.
The fact that the nation’s highest tax rate increase for 2021 is close to Greensboro’s property tax rate increase for 2022 is a good indication of the massive tax increases that property owners are facing. of Greensboro are facing this year.
Number 2 on the 2021 list is Nashville, Tennessee, with a 27% tax increase and Number 3 is Knoxville, Tennessee, with a 22.2% tax increase, only slightly higher than Chattanooga, Tennessee, Au. number four with a 22% tax. increase.
Makes you think there’s something going on next door in Tennessee.