It depends how much your property value has increased. If the total value of taxable property in the City increases as a result of the revaluation, then the tax rate will decline. Not all properties appreciate or depreciate at the same rate. For example, assume that your home is currently assessed at $200,000 but its fair market value is actually $250,000, and that commercial properties are on average selling at 95% of market value. In this example, the commercial properties could see a tax decrease because they were valued at 95% of market value, while your home would see an increase because it was valued at 80% of fair market value. This is merely an example to help understand the process.