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Mill/property tax
Message posted by Kathleen (via 208.246.248.169) on May 26, 2001 at 4:34 PM (ET)
I am trying to work the formula for property taxes using mill. I am getting bogged down in zeros and process. Can someone fill me in? thanks
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Re: Mill/property tax
Message posted by nancy diehl (via 129.176.151.121) on May 29, 2001 at 1:40 PM (ET)
take your mil rate and multiply it by the number of thousands your property is assessed at. For example, if your mil rate is $30 and the market value of your home is $200,000, then your tax would be 30 x 200 = $6000 (assuming the assessment is based on 100% of the market value, not some percentage of the market value)
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