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Woodstock staff outline options for a reduced 2025 millage rate after stronger‑than‑expected digest growth
Summary
Property tax staff reported higher net new construction value growth (5.03%) and presented a rollback rate of 5.093 M&O mils for FY26; staff said lowering to about 5.065 mils would still cover needs and leave an estimated cushion for appeals and new personnel grant contingencies.
City property tax staff delivered the 2025 tax digest and millage analysis to council on Aug. 18, showing stronger‑than‑budgeted growth and room to reduce the maintenance and operations rate.
Ron Shelby, speaking as the property tax collector, said new construction growth was 6.69% this year with exemption growth of 1.66%, producing net new…
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