Oakwood tax rate unchanged for 2018, which will mean increase for some

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Oakwood tax rate unchanged for 2018, which will mean increase for some

Oakwood City Council has approved keeping the tax rate the same for 2018, which would raise taxes on some residents who had reassessments. - photo by Jeff Gill

09132017 OAKWOOD — Oakwood City Council has approved keeping the tax rate the same for 2018, which would raise taxes on some residents who had reassessments. - photo by Jeff Gill

Published: Oct 10, 2017, 12:07 AM

Oakwood’s tax rate will stay the same in 2018, but that still may mean higher taxes for some residents. City Council voted Monday night on first reading to set the rate at 4.174 mills, with 1 mill equal to $1 for each $1,000 in assessed property value. A final vote is set for Oct. 16.

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