A rate applied to a property's taxable value to determine property tax due. As used with ad valorem (property) taxes, the rate expresses the dollars of tax per one thousand dollars of taxable value (i.e., a 5 mill tax on $1,000 equals $5.00)
Expressed in dollars and cents per $1,000 of taxable value. One mill equals $1.00 per $1,000 of property value.
A rate expressed in thousands. As used with ad valorem (property) taxes the rate expresses the dollars of tax per one thousand dollars of taxable values.
A rate used to calculate Real Estate Taxes, equal to one tenth of one cent.
The rate in mills (1 mill = 1/1000 of a dollar or $0.0010) at which property is taxed.
The rate of taxes levied based on a mill (1/10 of one cent), or one dollar per one thousand dollars of taxable value. A 30-mill tax rate levied against a taxable value of $100,000 would generate a $3,000 tax liability.
Taxing authorities arrive at the millage rate by dividing the amount of money they want to spend by the total value of the tax roll. It is a tax rate expressed as mills per dollar. For example, a two percent tax rate is $2 per $100, $20 per $1,000, or 20 mills.
Tax rate applied to property. Each mill represents $1 of tax assessment per $1,000 of assessed property value.