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20 <br /> Slide #31 <br /> General Government <br /> Tax Administration—Tax Base History <br /> Property Tax Base-Assessed Value <br /> smmgmq® <br /> pi,ngsfgmq <br /> aWaa0.M- <br /> au��am <br /> s.-- <br /> rmtrnmtmmtrnv rtnmmvtmunmsnmenmrznnegnnegn mq�� <br /> ORANGE COUNTY <br /> 39 WQFM[CAROLINA. <br /> Slide #32 <br /> General Government <br /> • Tax Administration—Tax Base History <br /> Percentage Change in Assessed Value <br /> xiax <br /> maoz <br /> ssnn <br /> rsaL <br /> 1laY 1.iSY tA9l [btr 1 L <br /> nlmq IYm[a rtIDgt nmlx rtnm IYnL rtnv nmle rtIDlx nm[q nm[q rtnm Rql �� <br /> ORANGE COUNTY <br /> AD MIFF]r CARM.M., <br /> Commissioner Fowler asked for more information about the length of time between <br /> revaluation cycles. <br /> Travis Myren said the County tries to do a revaluation every four years. <br /> Commissioner Fowler asked if there is a reason for a four-year cycle. <br /> Travis Myren said a shorter time between revaluations accounts for rapidly changing <br /> property values. <br /> Nancy Freeman, Tax Administrator, said a previous board approved a resolution to <br /> adopt four-year cycles for revaluations. She said it was included during a decision to delay a <br /> revaluation to 2017. <br /> Bonnie Hammersley concurred. <br /> Bonnie Hammersley said this year, unlike in the Great Recession, counties were not <br /> given the option of opting out of a revaluation. <br /> Travis Myren resumed the PowerPoint presentation: <br />