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Oakwood holding public hearings on tax rate
Although the same as last year, rate is higher than rollback millage
stan brown 0701
Stan Brown
Oakwood is proposing to keep its 2016 tax rate the same as it is this year, but that still means higher taxes for those who have seen property values rise through reassessment. The South Hall city is proposing a rate of 4 mills in fiscal 2016, which begins Jan. 1, instead of 3.6 mills, the rollback rate, which would produce the same amount of revenue that was produced this year. If the city opted for the lower tax rate, the loss in revenue would be about $100,000, City Manager Stan Brown said.