For example, if the revenue neutral rate is 60 cents, assuming an owner has a $23,944 car, a previously valued $242,200 home with a 28.84 percent increase in value would see its property tax bill drop by $175. With a 40.41 percent increase in value, the same home would see a $7 county property tax bill increase at revenue neutral. With a 56.82 percent increase in value, the county property tax bill would rise by $232 at revenue neutral.