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millage

   Also found in: Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
mill·age  (mlj)
n.
A tax rate on property, expressed in mills per dollar of value of the property.


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This is because local lawmakers are voting for higher millage rates — the tax rate per $1,000 of property values — to counteract the low market values.
In cases where the property appraiser denies the application, the applicant may file a petition with the value adjustment board not later than 25 days following the property appraiser's mailing of the "Truth in Millage Notice.
The Quorum Court voted last week not to raise the millage or dip into the county's saving account to cover any shortfalls, he said.
 
 
 
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