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Woodstock staff outline 2025 tax digest, present options to lower millage
Summary
Finance staff presented the 2025 tax digest showing net new construction growth of 5.03% and recommended rollback options: calculated rollback 5.093 mills and an option to set M&O to 5.065 mills (total including parks debt service ~5.605–5.633 mills); council signaled support for a modest rollback.
Woodstock—ity finance staff presented the 2025 tax digest and millage-rate options at the Aug. 18 work session, offering council a choice between the calculated rollback rate and a slightly lower maintenance-and-operations (M&O) rate that would produce a modest tax decrease.
Ron Shelby, presenting as the city—inance/property-tax representative, said new construction growth for the digest was 6.69% with exemption growth of 1.66%, producing net new construction value growth of 5.03% (about double a 2.5% budget assumption). Shelby calculated the rollback M&O at 5.093 mills; he presented an option to reduce the M&O to 5.065 mills (the discussion referenced a 5.605–5.633 mill total once the parks bond debt service millage is included). Shelby illustrated homeowner impacts: a $375,000 non-homesteaded house would pay about $764 at rollback and a $500,000 homesteaded house would pay about $1,018 when parks debt service is included.
Council discussed using some of the revenue cushion to lower rates and recognized ongoing uncertainties such as pending appeals and the result of a staffing grant application for additional fire personnel. No formal millage-rate resolution was adopted in the work session; council discussed returning to set rates in future action items.
