Millage rate up, taxes not changed
The property taxes paid by City of Oxford residents will basically remain unchanged next year, but the city’s millage rate will go from 6.28 to 7.06 mills to make up for declines in assessed valued.
The Oxford City Council on Monday informally agreed to the change, which will result in collection of $150,126 in revenue, or some $4,000 less than the previous fiscal year. Without the change, the city would collect $133,464 in revenue because of the decline in assessed value.
The council will meet at 6 p.m. on July 18 in a called meeting to set the rate and will adopt the rate at its August meeting.
In other business, the council appointed Jackie Ellis to the city planning commission. Ellis will fill the remaining term of David Eady, who was named to the city council last month to fill the remaining term of Sue Dale. Ellis will serve through 2012.
The city also discussed Oxford College’s proposed changes to traffic patterns on campus. The college wants to make changes including a move of the stop for its commuter bus to the main Emory campus to stop on Haygood Street in front of the tennis courts.