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.