what is my millage rate
Millage rate is the rate at which property taxes are levied on property. A mill is 1/1000 of a dollar.Property taxes are computed by multiplying the taxable value of the property by the number of mills levied. The millage rate can be found on the property tax statement or by contacting the city/township/county office. mill is 1/1000 of a dollar. Property taxes are computed by multiplying the taxable value of the property by the number of mills levied. The millage rate can be found on the property tax statement or by contacting the city/township/county office.
Real estate taxes are computed using just a percentage of the property's value. Municipalities collect real estate taxes, also known as property taxes, to fund municipal operations, public schools, roads, police and firemen. The millage rate is the amount per $1,000 of property value used to calculate taxes.Millage rates vary by region, and are usually higher in cities than they are in less-developed areas.eal estate taxes are computed using just a percentage of the property's value. Municipalities collect real estate taxes, also known as property taxes, to fund municipal operations, public schools, roads, police and firemen. The millage rate is the amount per $1,000 of property value used to calculate taxes.