The start of the new year marked the start of Orange County’s property revaluation process, with the county assessing the values of all residential and commercial land. And with its in-demand property market, the county is likely to see a jump of more than 50% in total value this four-year cycle. The Orange County Tax Administration, which conducts the local revaluation, shared a presentation with the Board of County Commissioners on Tuesday detailing some of the trends seen as the 2025 review is being finalized. That includes the significant increase in value since the last valuation in 2021, which corresponds with the increased housing prices aided by a hot market and rising construction costs. The revaluation numbers come from a combination of the property type, neighborhood, age, condition and size of a home or business. The process not only helps update the value based on market rates but allows the county a chance at equalization – which aims to balance the tax burden between p...