The City of Kalona has set their property tax rates for the next fiscal year. The current property tax rate is $10.72 per $1,000 assessed value and will see a 13 cent drop to $10.59 per $1,000. City Administrator Ryan Schlabaugh says the reason for the drop is due to debt services going down and more evaluation of growth within the city. The new rates will go into effect on July 1st.