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15 <br /> Debt Model Assumptions <br /> • Projected Assessed Value Growth <br /> — Measure of ability to pay Natural Growth — 2% annually ($470 million from FY2024 to FY2025) <br /> — 2024 Revaluation — 50% projected growth with Sales Ratio of 64.8% <br /> Projected Assessed Value Growth Illustration of Potential Impact of Revaluation on <br /> in billions Revenue Neutral Tax Rate <br /> 560.000 <br /> • Given the new assessed value, what would the new tax <br /> ;50.000 rate need to be to produce the same amount of property <br /> tax revenue as the year prior to the revaluation after <br /> $40.000 accounting for natural growth <br /> <30 000 <br /> szo.000 <br /> '510.000 Prior to $23.23 billion 0.8353 $194.01 million <br /> Reval <br /> 5 <br /> 0.5661 <br /> 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 J035 After Reval $35.04 billion Effective $198.33 million <br /> FY2025-26 <br /> ORANGE COUNTY <br /> 9 NC)RTH CAROLPNA <br />