Property Tax and Millage Calculator
What's a mill?
Do
you remember when you were in school and you were working on decimals?
The first number after the decimal point is tenths (.1), the second
number after the decimal point is hundredths (.01), and going out three
places is thousandths (.001), or "mills". Now here's where it gets confusing.
One mill is .001. Ten mills is .010 & One hundred mills is .100
Here’s an example:
The municipality charges 3 mills - .0030 mills.
The school district charges 30 mills - .0300 mills
The county charges 60 mills - .0060 - mills
TOTAL .0390 mills
| TAX RATE | MILLS | ASSESSMENT | PROPERTY TAX | ||
| Local | .0030 | X | 100,000 | = | $ 300.00 |
| School District | .0300 | X | 100,000 | = | $ 3,000.00 |
| County | .0060 | X | 100,000 | = | $ 600.00 |
| TOTAL | .0390 | X | 100,000 | = | $ 3,900.00 |
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