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17 <br /> Slide#7 <br /> Impact of the Revenue Neutral Property Tax Rate <br /> Interaction between, increased value and tax rate decrease <br /> Est.Rev. Tax <br /> Increase �FY2025-26Value� Neutral Liability <br /> lPreR.v.luationo <br /> valuation $ 400,000 0.8629$ 3,452 Post Revaluation Value $ 500,000 0.6384 $ 3,192 $(260) <br /> 25%Increase <br /> $ 400,000 0.8629$ 3,452 Post Revaluation Value $ 600,000 0.6384 $ 3,830 $ 378 <br /> 50%Increase <br /> • Break even percentage increase in value—35% <br /> FY2024-25 Rev. ity Change <br /> FY2024-25Value Tax Liability %Increase FY2025-26 Value Ta from <br /> AML Rate I Ne'utiral � Wbix, Y2024- <br /> Pre-Revaluation $ 400,000 0.8629$ 3,452 Post Revaluation Value $ 540,000 0.6384 $ 3,447 $5 <br /> slue 35%Increase <br /> ORANGE COUNTY <br /> 7 NORTH CAROLINA <br /> Slide #8 <br /> Revenue Neutral Property Tax Rate <br /> Total Property Tax Base Growth <br /> 071/c Change from FY2024-25 <br /> 7At., <br /> roperty Increase 50% Increase <br /> nt 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 35% Break Even Increase <br /> Property Tax Revenue <br /> ORANGE COUNTY <br /> S NORTH CAROLINA <br /> Travis Myren said this break-even percentage only applies to the county share of property <br /> taxes. He said those living in municipalities and those paying the Chapel Hill-Carrboro City <br /> Schools special district tax will have a different break-even percentage. <br />