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17 <br /> 1 Slide #7 <br /> Impact of the Revenue Neutral Property Tax Rate <br /> Interaction between increased value and tax rate decrease <br /> Pre-Revaluation $ 400,004 0.8629$ 3,452 Post Revaluation Value $ 500,000 0.6384 $ 3,19z 7$(260) <br /> alue 25%Increase <br /> Pre-Revaluation $ 400 DQD 0.8629$ 3,452 Past Revaluation Value $ 600,QDQ 0.6384 $ 3,830 <br /> Value 50%Increase <br /> • Break even percentage increase in value—35% <br /> FY2024-25 Ta Est Rev- Change <br /> FY2024-25 Value Tax Liability %Increase FY2025-26 Valu Tax from <br /> PreRevaluation $ 400.000 0.8629$ 3,45? Post Revaluation Value $ 540,000 0.6384 $ 3,447 $5 <br /> a u e 35%Increase <br /> ORANGE COUNTY <br /> 7 Nt Ili"I'F 1 CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #8 <br /> Revenue Neutral Property Tax Rate <br /> Total Property Tax Base Growth <br /> Property Type %Change from FY2024-25 <br /> Real Property Increase 50%Increase <br /> Adjustment for Appeals 42.5% Increase in Real Property Only <br /> Include Personal Property and Motor <br /> Vehicles 38.6% Increase in Total Tax Base <br /> Slower Growth compared to Real Property <br /> Account for Natural Growth in <br /> Property Tax Revenue 35% Break Ewen Increase <br /> e <br /> ORANGE HE CC+UOIL II7 QTY <br /> 5 <br /> 6 Travis Myren said this break-even percentage only applies to the county share of property <br /> 7 taxes. He said those living in municipalities and those paying the Chapel Hill-Carrboro City <br /> 8 Schools special district tax will have a different break-even percentage. <br /> 9 <br /> 10 <br />