What a penny generates in property tax in Warren County has gone up so the property tax rate will go down to match.After the certified tax rate calculations for 2015 by the State Board of Equalization, the board recommended the county’s property tax rate to go down from $1.99 to $1.96. The reduction is not a financial savings for property owns because the reduced amount will generate the same revenue for the county.However, according to Finance Department director Linda Hillis, if the county leaves its property tax rate at $1.99, it will be considered a property tax increase because a penny in property taxes generates more revenue.“If we approve anything over $1.9661, it’s considered a tax increase,” said Hillis. “We will have to have public hearings.”The county’s Budget and Finance Committee approved the certified tax rate unanimously.