What is a Mill Rate?

Accurate Appraisal  🌟 Education Corner 🌟

This week we wanted to showcase how a Mill Rate is calculated. The visual below shows that even with an increase in your assessment, the mill rate will adjust and your taxes may stay about the same.

Assessors don’t set taxes, we are home owners just like you. It’s our job to set fair and equitable assessed values based on fair market value.