Trey Davis Presents Greensboro Property Tax Cut in $913 Million Budget

Greensboro City Manager Trey Davis presented a proposed property tax rate of 58.30 cents per $100 of assessed valuation on May 19, 2026, as part of a $913 million budget for fiscal year 2026–2027. The rate is 8.95 cents below the current 67.25-cent levy.

The lower rate does not automatically mean smaller bills for many owners. 2026 is a countywide revaluation year, property values rose sharply, and city finance officials said a revenue neutral tax rate would be about 48 cents.

Trey Davis Budget Proposal

Davis presented the recommended budget Tuesday night. The proposal totals $913.2 million across all city funds and includes a $485.9 million General Fund budget.

The recommended spending plan is $82.7 million larger than the current budget, a 9.9 percent increase over the fiscal year 2025–2026 budget. Greensboro City Council is expected to adopt a budget next month.

Greensboro Property Tax Rate

The city’s proposed tax rate is 10.3 cents above revenue neutral, according to city finance officials. That gap matters in a revaluation year because the tax base has changed even as the rate falls.

Property tax collections are projected to jump 21 percent to $329 million in the coming fiscal year. For owners trying to estimate their city bill, the key figures are the new 58.30-cent rate, the current 67.25-cent rate, and the 48-cent revenue neutral estimate.

Greensboro Council Vote

The proposal now moves to Greensboro City Council for final action. Owners who want to understand their city tax bill need to look beyond the rate cut and compare the new assessed value with the proposed rate.

In a revaluation year, the city’s lower rate still leaves room for higher bills, and that makes the council vote next month the point at which the proposal becomes a budget residents can measure against their own property assessments.