Millage Rate

Millage Rate: The amount per $1,000 that is used to calculate taxes on property. Millage rates are most often found in personal property taxes, where the expressed millage rate is multiplied by the total taxable value of the property to arrive at the property taxes due. Millage rates are also used by school boards to calculate local school taxes to be collected, based on a derivation of the total property value within school district boundaries.
The term is derived from the root word mill, which means "thousand". Millage rates are often expressed mathematically with the symbol %o, as in 1%o, which is one part per thousand, or 0.1%. Millage rates for individual properties are usually found on the property deed itself.

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millage — The tax rate on real estate, used to calculate property tax. One mill equals a tenth of a cent. To calculate property tax, divide the millage by 1,000 and multiply it by the propertys assessed taxable value. For example, if the millage rate is 20 … Law dictionary
millage — noun A tax rate on property, expressed in mills of the propertys value. Charter townships are able to levy millage on the residents without a vote of the people. See Also: permille … Wiktionary
millage — noun Date: 1891 a rate (as of taxation) expressed in mills per dollar … New Collegiate Dictionary
millage — /mil ij/, n. the tax rate, as for property, assessed in mills per dollar. * * * … Universalium
millage tax — noun property tax; used especially where the tax rate for property is determined in mills … Wiktionary
millage — mill•age [[t]ˈmɪl ɪdʒ[/t]] n. ecn bus the tax rate, as for property, assessed in mills per dollar • Etymology: 1890–1900 … From formal English to slang
millage — ˈmilij, lēj noun ( s) : a rate (as of taxation) expressed in mills per dollar … Useful english dictionary
North Hills School District — Location Pittsburgh, Pennsylvania United States … Wikipedia
Property tax — Taxation An aspect of fiscal policy … Wikipedia
Montgomery Area School District — Address 120 Penn Street Montgomery, Pennsylvania, Lycoming, 17752 … Wikipedia

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