Tax hike equals $30 more a year on a $200K home

The Associated PressJuly 16, 2014 

— The Oxford Board of Aldermen is considering a 1.5 millage property tax increase to help pay for roads and infrastructure work.

Officials say the increase will mean an additional $30 a year on a $200,000 home. The 1.5 mills would bring an additional $450,000 into the city.

The Oxford Eagle reports (http://bit.ly/1iA4toK ) the city tax hike, if approved, along with the 2 mill increase already approved by the Oxford School District will those who own a $200,000 home will pay an additional $70 a year in taxes.

Alderman Jason Bailey says he thinks most people would be willing to pay that if they know it's going on infrastructure.

Alderman Ulysses "Coach" Howell says he can't support raising taxes. He says the city needs to find the money somewhere else.

Information from: Oxford Eagle, http://www.oxfordeagle.com

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