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10 <br /> Impact of the Revenue Neutral Property Tax Rate <br /> • Interaction between increased value and tax rate decrease <br /> FY2024-25 <br /> &M Rate 24-25 <br /> Pre-Revaluation $ 400,000 0.8629 $ 3,452 Post Revaluation Value $ 500,000 0.6384 $ 3,192 $ (260) <br /> Value 25%Increase <br /> Pre-Revaluation $ 400,000 0.8629 $ 3,452 Post Revaluation Value $ 600,000 0.6384 $ 3,830 $ 378 <br /> Value 50%Increase <br /> • Break even percentage increase in value — 35% <br /> FY2024-25 Tax Est. Rev. Tax Change <br /> FY2024-25 <br /> Pre-Revaluation $ 400,000 0.8629 $ 3,452 Post Revaluation Value $ 540,000 0.6384 $ 3,447 $ 5 <br /> Value 35%Increase <br /> i <br /> ORANGE COUNTY <br /> 7 NORTH CAROLINA <br />