Your tax rate might not necessarily be expressed as a percentage, but rather as some number of mills, because real estate tax rates are also often based on the "millage rate," where one mill is equal to one-thousandth of a dollar. For example, if the local property tax rate on homes ...
To calculate your tax bill, the tax office multiplies your property's taxable value by the local millage rate, or mill rate. Typically, the tax rate is expressed in terms of a certain number of mills rather than as a percentage. One ...
Property tax is a tax on real estate and some other kinds of property. See how to calculate property tax, where to pay property tax and how to save money.