Definitions for "MILLAGE RATE"
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.