The Orange County Board of Commissioners will discuss the county’s updated revenue-neutral property tax rate at its meeting on Tuesday, with the board chair revealing this week the threshold for how much property owners will see increases.
Commissioner Jamezetta Bedford, while speaking during Wednesday’s “Conversations With The Mayors” segment on 97.9 The Hill, said the updated rate is around 35% per $400,000 — meaning as residents’ property values are adjusted during this year’s revaluation, that is the number to monitor for how much one’s taxes would increase based on their property value increases. She estimated if one’s property increased roughly 35% or less, there would not be a major increase on their county tax bill.
“So many people,” said Bedford, “thought their taxes, which might be $4,000 or $5,000 [in total], were going up proportionately to their [revaluation.] It doesn’t work that way…