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After remaining flat for four consecutive years, property taxes are rising in Beaumont.

The Beaumont City Council unanimously approved an increase in the property tax rate Sept. 26, raising the rate from $0.69/100 to $0.71/100, a two-cent increase that will bring in 4.7 percent additional revenue to the municipality. The majority of property taxes are dedicated to the general fund, $0.49/100, while approximately $0.22/100 is applied to the debt service.

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According to the October 2015 Beaumont housing market report, Beaumont home sales soared 20 percent in October of this year, while home prices remained unchanged.

"The local market continues to remain strong with 4.7 months of inventory and brisk sales," said Vivian Todd, President of the Beaumont Board of Realtors. "Consumers are looking with confidence to Realtors for relevant, expert data and advice in buying and selling property."

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