Tax Realty Consultant

What is a mill rate ?

One mill is equal to $1 of tax for every $1,000 of assessed property value. To calculate your tax, multiply the millage figure by your assessed property value. Don’t forget to add three decimal places to the millage figure to get the accurate tax. For example, 6 mills on a home assessed at $42,000 amounts to 0.006 times $42,000 or $252 in taxes.

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