Taxes

Local Taxes

What is a “mill levy”?

A mill levy is the method used by most local governments (cities, counties, school districts), whereby one mill represents one tenth of one cent, to raise needed capital. As an example, for every $1,000 of assessed value of your property, one mill is equal to one dollar. Since various local government entities have the power to levy taxes on properties within their jurisdictions, the total of all individual mills are used to compute your tax responsibility.



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