Mill Levies

What is a mill levy?


A mill levy is the number of dollars a taxpayer must pay for every $1,000 of assessed value on real property. To calculate the property tax, multiply the assessed value of the property by the mill rate and then divide by 1,000. For example, a property with an assessed value of $50,000 with a mill rate of 20 mills would have a property tax bill of US $1,000 per year.

The taxing entity determines the amount of dollars, based on its budget request to the County Commissioners.