OX­FORD

The Covington News - - Front page -

cur­rent mill­age rate,” he said. “The re­duc­tion in prop­erty value makes the off­set where it still comes back with a zero in­crease in taxes.”

Ac­cord­ing to Ox­ford Mayor Jerry Rose­berry, the city has done the same thing for the last five years.

Ac­cord­ing to a tax di­gest and five-year histo- ry of levy from the city, in 2009 the net main­te­nance and op­er­a­tions di­gest was $28,547,103 and the pro­posed 2010 main­te­nance and op­er­a­tions di­gest is $24,594,673 — over $3 mil­lion less.

The net main­te­nance and op­er­a­tions mill­age in 2009 was 5.51 and the pro­posed for 2010 is 6.28, but the net amount of taxes levied in 2010 will be $154,455 — $2,840 less, or 1.81 per­cent less, than what was col­lected in 2009.

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