Woodstock has announced a millage rate of 6.808 mills for the 2018 fiscal year, resulting in a 2.45-percent increase in property taxes.
Public hearings on the tax increase are set for 10:30 a.m. Monday, Aug. 20, and 7 p.m. Monday, Aug. 27, in the Chambers at City Center, 8534 Main St. The City Council is expected to vote on the millage rate at the Aug. 27 meeting.
Without the tentative tax increase, the millage rate would be no more than 6.645 mills, city officials said.
The increase will mean about $4.89 in additional taxes for a home with a fair market value of $75,000, or roughly $6.52 for a non-homestead property with a fair market value of $100,000, officials said.
Information: https://bit.ly/2Ap7SXg
