Mill Rate

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Mill Rate

The way a property tax assessment is expressed. It is called the mill rate because it is expressed in mills (one tenth of one cent) per dollar. The mill rate is the number of mills per dollar of a property's value.
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At the first public hearing on the millage rate, budget and fire assessment fees on September 12, 2014, the City Commission voted for a total 2014-2015 millage rate of 6.
He said if the millage rate is not increased, raiding reserves is a careless action- taking one time money fund operating expenses.
AP) -- Pulaski Technical College's Board of Trustees has voted to raise tuition and fees at the two-year college after failure of a plan to create a millage rate for the school.
In addition to capping the millage rate, the state created differential assessments for different categories of property.
Today was the county s self-imposed deadline to set its maximum millage rate.
Under current law, local governments are allowed to levy a millage rate to recover the tax loss due to the loss of tax base by a majority vote of the governing body.
Upon annexation, affected properties often experience a significant increase in the overall millage rate(11) as the local or city municipality's millage rate is combined with the already existing millage rate in the county or township.
Ryba spent the past week working with Hazleton Area Solicitor Chris Slusser and state Department of Education officials to determine whether the district can reopen its budget and adjust its millage rate to reflect a tax refund.
Take the home's assessed value, subtract $25,000, and apply the local millage rate to calculate the property taxes due.
Fitch expects the city to adjust expenditures and raise the millage rate to offset an expected decline in its tax base and maintain balance.
I think we need to leave cushion room because once you set the Truth in Millage rate, you can't go up," Worthington said.
In September, Broward Health's governing board, the North Broward Hospital District Board of Commissioners, voted to cut the millage rate to 1.