Allen Foster stated that his office received a lot of calls, questions, and emails about the property reappraisal notices that went out recently.  He understands the shock of the increased valuation. The Mayor states, “When property valuations go up, the certified property tax rate goes down. Our current property tax rate is $1.5653.  I expect it to drop to around $1.15, or perhaps less.  We will know for sure after the Board of Equalization completes its work. When that happens, the State will set a new certified rate that will take in approximately the same amount of dollars as the old rate. Your tax burden will not increase substantially as your valuation did.”