Mill Rate in Financial Formulas

Mill Rate is a property tax rate expressed in mills (thousandths of a dollar), representing the amount of tax per dollar of assessed value. And is denoted by MR.

Financial formulas that make use of Mill Rate

fxProperty Tax RateGo

FAQ

What is the Mill Rate?

Mill Rate is a property tax rate expressed in mills (thousandths of a dollar), representing the amount of tax per dollar of assessed value.

Can the Mill Rate be negative?

{YesorNo}, the Mill Rate, measured in {OutputVariableMeasurementName} {CanorCannot} be negative.

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