MLchartDataset catalogue

Millage

Term · Law · MLC-T-LAW-003240

A tax rate expressed as the number of mills per dollar of assessed property value, where one mill equals one-tenth of a cent or $0.001. This rate is used to calculate property taxes, often for local government services such as schools or fire departments. A millage rate of 10 means $10 in tax for every $1,000 of assessed value.

Table 1. Record
IdentifierMLC-T-LAW-003240
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003240",
  "term": "Millage",
  "field": "Law",
  "definition": "A tax rate expressed as the number of mills per dollar of assessed property value, where one mill equals one-tenth of a cent or $0.001. This rate is used to calculate property taxes, often for local government services such as schools or fire departments. A millage rate of 10 means $10 in tax for every $1,000 of assessed value.",
  "url": "https://mlchart.com/terminology/law/millage/"
}

Record 3,207 of 5,441 in Law terminology (MLC-0107). Request the full dataset.