Taxes Going Down In Oglesby

Property taxes are going down in Oglesby.

The city council last night placed on filed their tax levy for fiscal year 2009 thru 2010.  The tax rate is going down from $2.11 to $1.94.  That’s an 8.7 percent decrease.

The city’s total tax asking is going to be $597,000, down $45,000 from the current fiscal year.  Finance Commissioner Paul Danekas says the rate can be lowered because of an estimated increase in the city’s equalized assessed valuation.