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Notification for moderator tools went off too early

When I opened up StackOverflow today, I was greeted with the big orange banner saying that I gained tag creation priviliges. The strange part is that I only had 1499 reputation. But when I checked the priviliges section, it correctly showed that I was still at 99% for the Create Tag privilege.

Perhaps there's some sort of bug in the privilege notification code? I shouldn't have been notified since I wasn't at the 1500 threshold yet. (I am now at 1599 due to my creation of my Meta account, of course, but I was at 1499 when the bug appeared)

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