property tax

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Related to millage: Millage tax

Property tax

A tax levied on real property based on its use and its assessed value.

Property Tax

A tax on the value of land or improvements (i.e. buildings). Occasionally, property taxes are levied on personal property, such as automobiles or securities, as well. All property taxes are calculated as a percentage of the value of the property. In the United States, most property taxes are levied at the city or county levels, and are used for municipal improvements, such as roads or snow removal. Municipalities can issue bonds that are secured by the proceeds on property taxes.

property tax

property tax

See ad valorem tax.

References in periodicals archive ?
Mrs Millage said the Evening Telegraph Christmas Toy Appeal also struck at her heart strings and she couldn't resist getting involved.
The increase would have generated about $128 million and pushed the district's millage to 50.4 mills, the highest in the state.
In all, Wayne County's total millage generated $68.5 million in 2006-'07, accounting for two-thirds of its total revenue of $103.2 million.
The millage increase will allow the county to maintain its current level of services, he said.
The town derives the bulk of its revenues from property taxes for which changes in the levy or millage rate are not restricted by law.
Tenders are invited for Maintenance Free Battery, Maintenance Free Battery 32Ah, 7 Plate Model M132r Brand Exide Millage Two Two Year Warranty Make: Exide Or Similar
He's still talking about sharing some of it with the North Little Rock School District, an independent taxing unit that has, in fact, proposed its own additional property tax millage.)
"One of the three ways a college gets its funding is millage. If its millage is valueless or low value, they're in the hole."
Curtis Millage set a career high with 27 points, and Diogu had his usual steady inside game with 17 points, plus a season-best 14 rebounds.
While the city's historical revenue growth incorporates tax rate adjustments, the city's post-recession growth has been steady, due to rising assessed values as the city's millage rates gradually decreased.
Voter-approved Millage Complete An Analysis Of Conducting County-wide Millage Campaigns In Each Of The Counties Within Region 4 That Provides The Following Data: 1) The Amount Of Revenue Generated From A 0.1, 0.2, 0.3.1.0 Mill Levy Based On The Most Recent Taxable Value 2) Allocate The Revenue Proportionally Among The Watersheds In Each County Based On The Geographic Extent Of The Watersheds.
Watson said the state committed $13 million toward the project and the rest was raised through millage and local contributions.