Oakwood City Council gave its final OK Monday to increasing the South Hall city’s property tax rate by about 50 percent. The council affirmed its Oct. 13 vote to raise the rate to 4 mills from 2.658, a move officials have said is needed to cover the city’s debt and ongoing maintenance needs. One mill equals $1 for each $1,000 in assessed property value, with property assessed at 40 percent.
Oakwood gives final OK to 50 percent tax hike