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Oil City Budget Contains Tax Hike Of .6 Mill

December 14, 2012

The 16-million dollar 2013 city budget adopted by Oil City Council on Thursday will include a real estate tax increase of six-tenths of one mill.

That change will translate to about a six dollar tax hike per year for each $10,000 of assessed property value.

The original city budget proposal considered last month contained an increase of one full mill.

The spending plan also contains a $4.70 increase per month for combined water and sewer service.

Council removed from the final budget some $100,000 that was targeted toward the sum needed for the demolition of the Oil City parking ramp and the condemned Brody Block complex.

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