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Oil City Budget Contains 1.35 Mill Real Estate Tax Increase

December 20, 2013

The real estate tax increase contained in Oil City’s 2014 budget will represent a 1.35 mill hike, after all.

The increase will mean an extra $13.50 will be levied for every $10,000 in assessed property value.

Oil City Council gave its final approval to a $16.2 million budget on Thursday afternoon.  It raises the city’s property millage rate to 11.97.  The tax hike was approved by a 3-to-2 vote.

Council also okayed $4 to $12 hikes for monthly water and sewage service.

Venango Weather