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Oakland raises municipal tax rate to 63 cents; residents voice affordability concerns
Summary
The Oakland Board approved ordinance 25-06 to set the fiscal year 2026 municipal property tax levy at approximately 63 cents per $100 of assessed value after a public hearing in which multiple residents said the increase was a significant burden.
The Oakland Board of Mayor and Aldermen adopted ordinance 25-06, establishing the municipal property tax levy for fiscal year 2026 and moving the town's rate to roughly 63 cents per $100 of assessed value. The ordinance passed on a 4-0 roll-call vote.
The board opened a public hearing before taking up the ordinance. Dozens of residents spoke or were recognized during the hearing; many said a 40% increase in assessed value or an increase from about 45 cents to 63 cents would create hardship for seniors and fixed-income households. "I agree property taxes probably need to go up a little bit, but 40% is quite a burden," one resident said during the…
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