Woodstock passes up increase for inflation
WOODSTOCK – Residents can expect to pay higher property taxes despite a slightly lower 2012 tax levy.
The City Council on Tuesday night approved a $9.5 million levy for fiscal year 2013-14 – a reduction of about $28,000. The city rejected a 3 percent increase for inflation that governments are entitled to under the tax law.
Under the levy, the owner of a home valued at $180,000 in 2012 will pay the city $1,038. That’s $32 more than for the same home the previous year, when the house would have been valued at $200,000, based on preliminary data.