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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 justin@jrmccarthy.com.