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, and the taxable value of your house is $200,000, the property tax is 0.020 x $200,000 or $4,000.
Category: Real Estate & Rental Property → Homeowners

Nolo’s Plain-English Law Dictionary. . 2009.

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  • millage — [ milaʒ ] n. m. • 1968; mot canadien, de 2. mille, d apr. kilométrage et angl. mileage ♦ Canada Action de mesurer en milles; nombre de milles parcourus. Millage d une voiture, indiqué au compteur. ● millage nom masculin (anglais mile) Au Canada,… …   Encyclopédie Universelle

  • millage — (n.) 1871, from MILL (Cf. mill) (n.2) + AGE (Cf. age) …   Etymology dictionary

  • millage — ☆ millage [mil′ij ] n. [ MILL2 + AGE] taxation in mills per dollar of valuation …   English World 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 — rida statusas T sritis Kūno kultūra ir sportas apibrėžtis Nuriedėtas variklinės ar bevariklės lenktynių priemonės arba lenktynininko nuotolis. atitikmenys: angl. miles covered in driving; millage vok. zurückgelegte Strecke, f rus. пробег …   Sporto terminų žodynas

  • 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 — mill·age …   English syllables

  • 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

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