Woodstock Property Tax: Going Up
Woodstock voted to approve next year’s budget with an increase in the millage rate. Which means your property tax bill is going up. Congratulations!
According to data compiled by city officials, a one-mill rate increase for a homeowner with a $200,000 home is an added $49 in taxes, bringing the total tax bill up to $490. A homeowner with a $100,000 home would pay $23 more in taxes, bringing the tax bill up to $229, documents show.
The current millage rate is 5.880 mills, and the 2008-2009 budget is based on a millage rate of 6.53 mills, which is an increase of .65 of a mill. The total budget is about $30.2 million, which is a decrease from nearly $33 million last year. The general fund is about $14.7 million, which is an increase from about $14.5 million last year.
After the city’s general fund budget was short about $2 million and the water and sewer fund was short $2 million earlier this year, city officials made cuts and found ways to balance the budget. One casualty of the cuts was the budget for concerts; there was $100,000 budgeted, and the council cut that amount in half. The reductions included cutting $103,909 from $189,289 for pension catch-up; $1,276 from $4,276 for a Woodstock Community Center renovation and gazebo; and $65,000 from $373,000 for property & liability insurance savings. Administrative software for $5,000, alarm police software in police record management financing for $19,800 and three servers in police record management for $12,459 were completely cut from the budget.
source: cherokee ledger news
About the Author | Brad Nix
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