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16 <br /> Slide #20 <br /> 2025 Revaluation Appeals - Formal <br /> • There were 1 ,038 formal appeals <br /> — 869 Residential <br /> — 169 Commercial <br /> • Total Reduction $158,887,883 <br /> — 686 resulted in adjustments, 66% of the total formal appeals <br /> — Average reduction $231,615 <br /> — 612 Residential <br /> — 74 Commercial <br /> �1 <br /> ORANGE COUNTY <br /> 20 NORTH CAROLINA <br /> Slide #21 <br /> North Carolina Property Tax Commission Appeals <br /> • As of February 19, there have been 34 appeals to the NC <br /> Property Tax Commission (PTC) <br /> ❑ Includes 94 properties <br /> • 79 of the properties are residential and total $27,428,600 <br /> • 15 of the properties are commercial and total $154,543,500 <br /> • Window for PTC appeals will end March 25, 2026. <br /> ORANGE COUNTY <br /> 21 NORTH CAROLINA <br />