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What is meant by the term millage?

meant millage term
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What is meant by the term millage?

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Millage is 1/1000th of a dollar. To derive your tax dollars you multiply your assessment by the mileage. For example: if your assessment is 20,000 and the mileage for your district is 80 (20,000 X .080 mills), then your tax bill is $1,600.

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