The City of Olean is assuring taxpayers that the revised tax bills mailed on June 4 are indeed correct, claiming that misinformation has circulated on social media, stating the percentage rate is incorrect.
The total tax levy for 2025-2026 is $8,493,056, a 5.45 percent change over last year’s tax levy.
The tax rate per $1,000 of assessed valuation of $17.75 (rounded up) is correct and used to calculate taxes due to the City.
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