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35 <br /> 1 <br /> 2 Commissioner Fowler rejoined the meeting at 9:46 p.m. <br /> 3 <br /> 4 Nancy Freeman, Tax Administrator, gave the following PowerPoint presentation: <br /> 5 <br /> 6 Slide #1 <br /> REVALUATION2021 <br /> 7 <br /> 8 <br /> 9 Slide #2 <br /> 10 <br /> What is a Revaluation? <br /> IIII� <br /> Process of updating real property tax assessments <br /> to market value and present-use value as of a <br /> single appraisal date <br /> Primary goal is to equalize tax base <br /> Effective appraisal date for Orange County's <br /> revaluation is January 1,2021 <br /> 11 <br /> 12 <br /> 13 Nancy Freeman said state law requires a reevaluation every 8 years. She said Orange <br /> 14 County does a revaluation every 4 years. She resumed the PowerPoint presentation: <br /> 15 <br /> 16 <br /> 17 <br />