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.