A declining property tax digest expected to produce lower revenues has Oakwood officials looking at raising the tax rate in 2017 just to stay even with 2016 revenues. Officials in the South Hall city are looking at raising the rate to 4.174 mills from 4, with 1 mill equal to $1 for each $1,000 in assessed property value, which is 40 percent of the fair market value minus exemptions. For example, the owner of property with a $100,000 fair market value and no exemptions could see taxes go from $160 to nearly $167.