Last night Springfield’s City Council voted to increase property taxes in 2018.
The Council raised residential rates from $19.66 per $1,000 to $19.69 per $1,000.
The commercial rate was also raised from $39.07 per $1,000 to $39.35 per $1,000.
The average homeowner can expect to pay about $109 more per year with the new rate.
Commercial property owners will pay about $2,900 more to the city in 2018.
If you have any questions regarding real estate matters, please feel free to contact my office at firstname.lastname@example.org.