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65 <br /> FY 2026-27 Revenue Assumptions <br /> FY 2026-27 Property Tax Assumptions <br /> - Value of One Penny - $3.37 million based on $33.9 billion tax base <br /> • Still finalizing FY 2026's tax base through the appeal process <br /> • Final Board of Equalization and Review meeting scheduled for January 22 <br /> • If tax base is reduced by less than 3%, budgeted revenue can be increased - each 1% yields — $2 million <br /> - 2% Natural Growth = $4.3 Million <br /> - No Change in collection rates - 99.2% for Property Tax, 99.6% for Motor Vehicles. <br /> - Total Property Tax Increase = $4.3 Million <br /> f. - <br /> ORANGE COUNTY <br /> 6 NORTH CAROLINA <br />