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39 <br /> 1 Slide #18 <br /> Impact of the Revaluation <br /> PROPERTY TAX BASE <br /> • New tax base for FY2025 -26 based on revaluation and natural growth <br /> • Goal is to value all property in the County to reflect market conditions/market value at the time of <br /> the revaluation <br /> - Completed every 4 years in Orange County <br /> Preliminary estimated new tax base of approximately$32 billion <br /> - Represents an increase of$8.6 billion or 37%over FY202dV5 <br /> ORANGE COUNTY <br /> 18 NORTI-I C-,AROILINA <br /> 2 <br /> 3 <br /> 4 Slide #19 <br /> Countywide Revenue Changes <br /> • Budget Assumptions —Tax Base History <br /> Percent Change In Assessed Value <br /> Real,Personal,and Metor Vehicle <br /> w <br /> .ux <br /> so <br /> sa <br /> so <br /> M7" <br /> so <br /> 18.FQ76 <br /> 50 <br /> ]I.66N <br /> so <br /> fo <br /> 1.88% 0'94% 2,p2X, 2.46% <br /> 50 .5476 <br /> FY2006 FY2007 FY200S FY2009 M010 FY2012 FY2012 FY2013 FY2017 FY201s FY2016 mom FV2019 FY2019 2'9620 FY2021 FY2022 FY2023 IY2027 FY202s FY2026 <br /> EK- <br /> �nangefrom Wier Tear <br /> �1 <br /> 19 ORAIN E COUNTY <br /> 5 <br /> 6 Travis Myren said this sort of projected growth from a revaluation has never been seen <br /> 7 before. <br /> 8 <br />