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14 <br /> 1 Slide #16 <br /> 2025 Revaluation Appeals <br /> • In addition to Tanner Valuation Group assisted with data collection for <br /> informal and formal appeals. <br /> • Original estimate for reduction to Tax Base was 3%, or $936,162,977 <br /> • At completion of formal appeals, reduction is at 1.47%, or $458,651,081. <br /> — This is in line with the amount of reduction at the 2021 revaluation, which was 1.5% <br /> • Additional reduction expected from next step in appeals process to the NC <br /> Property Tax Commission. <br /> �1 <br /> 16 ORANGE ECOUNATY <br /> NC32 <br /> 3 <br /> 4 Slide #17 <br /> 2025 Revaluation Appeals - Informal <br /> • 3,380 Informal appeals received through April 30, 2025 <br /> — 3,204 Residential, 176 Commercial <br /> • 2,148 resulted in adjustments, 64% of the total informal appeals <br /> — Total reduction $201,005,498 <br /> — 14.6% of beginning value <br /> — Average reduction $93,578 <br /> — 2,079 Residential, 69 Commercial <br /> ORANGE COUNTY <br /> 17 NORTH CAROLINA <br /> 5 <br /> 6 <br /> 7 <br />