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23 <br /> 1 Commissioner Richards said it looks like the biggest increases will be outside of Carrboro <br /> 2 and Chapel Hill. <br /> 3 Travis Myren said that Chapel Hill is still 25% off of the market. <br /> 4 Commissioner Richards asked if in addition to sending people out, how this will be <br /> 5 communicated. <br /> 6 Nancy Freeman said they are already doing more community outreach now to let the <br /> 7 public know what is coming. She said they are doing workshops and they are having appeals <br /> 8 workshops in the community. <br /> 9 Commissioner Richards asked if the assessment would happen in 2025 and when it would <br /> 10 be due. <br /> 11 Nancy Freeman said it would be effective January 1, 2025. She said the bills that are due <br /> 12 in 2025 would reflect any changes. <br /> 13 Commissioner Richards said someone came up to her this week and asked how the tax <br /> 14 increase will impact revaluations. <br /> 15 Travis Myren said that value will not change the revaluations and that the tax rate will <br /> 16 apply only to that value. <br /> 17 Commissioner Richards asked if that will also be communicated when the budget comes <br /> 18 out. <br /> 19 Travis Myren said it is communicated by the budget, and they have not been shy about <br /> 20 telling people there is a tax increase in the budget. He said other than that, he does not know they <br /> 21 have done anything further. <br /> 22 Commissioner Richards said it was a longtime homeowner that said they already have <br /> 23 trouble making the payment. <br /> 24 Nancy Freeman said once the budget is established, she can make that part of the <br /> 25 information they share. She said that people can make monthly payments on taxes. She said <br /> 26 while they cannot make that amount lower, there are ways to help people and not be a burden. <br /> 27 She said that once the budget is established, there are ways to spread the payments out a little. <br /> 28 Commissioner Hamilton asked what trigger percentage is for assessment ratio. <br /> 29 Nancy Freeman said she believes if it is 85% or lower or 110% or higher. She said they <br /> 30 are on a four-year schedule, so they do not have to move the revaluation up. <br /> 31 Chair Bedford said to remember that they reset the tax rate to be revenue neutral and that <br /> 32 outliers are likely going to see a proportional increase. <br /> 33 Vice-Chair McKee said it is tax neutral to the county and not the individual. <br /> 34 Travis Myren said they are required to publish a revenue neutral rate and given new <br /> 35 assessed value; what tax rate is required to generate same amount of revenue. <br /> 36 Chair Bedford said that looking at the distribution across the county will help them see <br /> 37 where the most change will occur. <br /> 38 Commissioner Fowler asked if there have been discussions with Chapel Hill about tax <br /> 39 relief for the town. <br /> 40 Bonnie Hammersley said the town could contract with the county and supply the funds if <br /> 41 they wanted to. She said she is not sure if they are interested. <br />