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<br />Phase III <br /> It is important to us that Orange County has the most recent data on which to base its Schedule of <br />Values. Beginning in mid-2024 and continuing into the fall we will update the data for our major <br />property types. Please note that not all property types may have meaningful data and that a “No <br />Further Action” finding for a property type will count as completing that milestone. <br /> <br />Phase IV <br /> Final Application of Data (provided by Analytical Consultants). Analytical Consultants will update <br />2025 preliminary revaluation assessed commercial property value recommendations. Please note <br />that we are not well versed in applying that assistance to mass valuation using mass valuation <br />software but will help the County by consulting on different ways to input the data to produce <br />appropriate results from the County’s software. Based on our schedule, the County should have all <br />the commercial values in their system and verified/discussed with Analytical Consultants by <br />November 1, 2024. Our fee includes a two-month period leading up to the reassessment date of <br />January 1, 2025, during which a qualified employee of Analytical Consultants will be available via <br />phone or onsite at the Orange County offices between the hours of 9am to 5pm (up to 20 hours per <br />week) to answer questions or provide assistance with the use and application of the new data. <br /> <br />Assessment Review and Assessment Support <br /> We will provide assessment review and support beyond that provided in Phase III on an “as <br />needed” basis to help the County with appeals. Our fee includes up to 40 hours of support <br />advising on tax appeals and for Board Hearings as needed in 2025. In the following years, <br />additional support will be limited to 20 hours per year. Additional assistance above and beyond <br />the yearly hourly limit will be provided for $250 per hour and all assistance will be provided by <br />Elizabeth Greganti or Paul Snow. <br /> Our review and support of the tax assessment does not include the following: Appraisals and <br />Property Tax Commission (PTC) Testimony. We can provide appraisals to support the County <br />for Board Hearings or PTC Hearings. These assignments will be considered and engaged on an <br />case-by-case basis. In some cases, a conflict of interest may exist. In these cases, Analytical <br />Consultants will recommend and help select and engage a third-party appraiser. <br /> <br />Mr. Snow is an experienced expert witness for PTC hearings. He works for both property owners <br />and Counties. His fee for Property Tax Commission preparation and testimony is $375 per hour. <br />This fee is set for the entire four-year period following the effective date of the 2025 <br />reassessment. Another representative of Analytical Consultants may be involved in a PTC case <br />by mutual agreement if Paul Snow is unavailable. <br /> <br />The results of the analysis and supporting data will be presented to the Orange County Office of Tax <br />Administration in electronic and paper formats. <br />DocuSign Envelope ID: 3D1A0201-2C5A-43CF-BDC1-C7B9405D331D