Orange County NC Website
Browse       Search
Slide #3 <br /> Revenue Neutral Tax Rate <br /> • Appeals Update Adjustment to Revenue Neutral Tax Rate <br /> — $334.9 million Requested Reductions from Informal — Decrease the Tax Base Reduction due to Appeals from <br /> Appeals 5%to 3% <br /> • Assumes all appeals are granted as requested <br /> • Informal appeals closed on April 30 — Adds$624 million to the FY2025-26 Tax Base <br /> — 3% Reduction due to Appeals=$936.2 million <br /> — $601.2 million available for formal appeals <br /> 3 ORANGE COUNTY <br /> N4DSlide #4 <br /> Revenue Neutral Tax Rate <br /> — Update to Property Tax Base <br /> Property Type 5%Reduction from Appeals 3% Reduction from - <br /> Real Property <br /> Land+Improvements/Buildings $29,645,160,916 $30,269,269,567 <br /> Adjusted by 5%for expected appeals <br /> Personal Property&Public Utilities <br /> Unlicensed vehicles,trailers,campers,boats,jet $1,242,143,886 $1,242,143,886 <br /> skis,etc. <br /> Power company,gas company,railroad,etc. <br /> Motor Vehicles $1,743,029,203 $1,743,029,203 <br /> TOTAL $32,630,334,005 $33,254,442,655 <br /> OR 4 ORANGE COUNTY <br /> NA <br />