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Woodstock City Council to Decide Final Tax Rates

Woodstock City Council will be asked approve final tax rates at their upcoming meeting on Thursday night.

WOODSTOCK - Woodstock City Council will be asked approve final tax rates at their upcoming meeting.

If approved, Patrice Hilderley the Director of Administrative Services says the average homeowner might notice a rise in their taxes.

"The average house is valued at $227,500 and the increase on that house will be $86.44 in 2016." 

The tax rate has gone up approximately 1.03 percent. Hilderley adds the city has entered a new reassessment cycle, so the impact will really depend on the resident's current property value.

This means some people may have a tax increase while others experience a tax decrease. If council decides not to approve the rates, they will have to make changes to the budget.

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