Millage Rate

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Definition: Millage Rate

Millage Rate
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Full Definition of Millage Rate

A value used to calculate property taxes or school taxes. The millage rate is a value per $1,000 of property value, which is multiplied by the taxable value of the property to calculate the amount of taxes due on the property. The term comes from the Latin word “mil”, meaning “thousand”.

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https://payrollheaven.com/define/millage-rate/
Modern Language Association (MLA):
Millage Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 03, 2025 https://payrollheaven.com/define/millage-rate/.
Chicago Manual of Style (CMS):
Millage Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/millage-rate/ (accessed: March 03, 2025).
American Psychological Association (APA):
Millage Rate. PayrollHeaven.com. Retrieved March 03, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/millage-rate/

Definition Sources

Definitions for Millage Rate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.