Browns Summit, Guilford County, North Carolina Property Taxes

Local government entities determine tax rates, which can vary significantly within a state. Each year, counties like Guilford estimate their required budget to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Browns Summit, located in Guilford County, the effective property tax rate is 0.87%. This is slightly below the national median property tax rate of 1.02%. When comparing Browns Summit’s rate to other cities in North Carolina, it aligns with the state’s median. However, it’s important to note that within Guilford County, the rates can differ, but Browns Summit maintains a consistent rate of 0.87%. This offers residents a relatively lower tax burden compared to the national median property tax bill of $2400, making it an appealing location for homeowners seeking affordability.

In Browns Summit, NC, property tax bills are determined by the assessed value of a home, which is based on the county's assessment of the property's market value. Guilford County uses this assessed value to calculate property taxes, applying a rate that reflects local government budget needs. Homeowners in Browns Summit face a median property tax bill of $1,791, which is below the national median of $2,400. However, this can still be a significant expense for many. Property tax bills vary, with the 25th percentile at $933 and the 90th percentile reaching $3,280, indicating a wide range of tax burdens depending on property values.

Ownwell offers a solution for homeowners looking to reduce their property tax bills. By providing expert property tax appeal services, Ownwell helps ensure that homes are not over-assessed, potentially lowering tax obligations. This can lead to substantial savings, especially for those whose tax bills fall in the higher percentiles. Through diligent analysis and advocacy, Ownwell assists homeowners in achieving fair property tax assessments, ultimately reducing their financial burden.