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The revenue neutral adjustments associated with the County, Chapel Hill Carrboro City Schools, <br />the fire districts, and the towns of Chapel Hill, Carrboro, and Hillsborough would create the need <br />to raise each jurisdiction's property tax rate to achieve the same prior year's revenues. <br />The Manager's Recommended FY 2012-13 Budget includes approximately $350,000 for a 2013 <br />general reappraisal. If the Board establishes a different year for the reappraisal, this funding <br />could be redirected to address other FY2012-13 activities. <br />RECOMMENDATION(S): The Manager recommends that the Board approve the attached <br />resolution establishing 2015 as the year for the next general reappraisal of real property in <br />Orange County. The Manager recommends 2015 as it will allow additional time for more sales <br />to accumulate and it will also keep the County on an odd-year general reappraisal schedule. <br />