1. Orange County Valuation Trends Orange County Property Appraiser Honorable Bill Donegan, CFA

2. $81.5 B 2011 Prelim -2.4% 6.1% 8.0% 12.4% 21.8% 17%-0.5% -10.6% -12.6% -2.5%

3. Parcel Count TPP Accounts

4. New Construction Taxable Value

6. 2011 $1.5 B 3% for 2012

8. How’s 2012 Looking?

9. Single Family Homes Inexpensive to moderate priced areas very slight losses or have stabilized

10. How’s 2012 Looking? Single Family Homes Upper End Residential: 2011 sales trended slightly down in 2011 in Western Orange County

11. How’s 2012 Looking? Condos Lower priced units increased in value in 2011, otherwise stable Apartments Slight increase in Class A and Class B Stable to lower values for Class C Hotels Possible no change to slight increase

12. How’s 2012 Looking? IndustrialRetailOffice No change to slight increase Not much change No change to slight increase

13. Honorable Bill Donegan, CFA Orange County Property Appraiser