- millage tax
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property tax; used especially where the tax rate for property is determined in mills.
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millage tax
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Tax — Taxation An aspect of fiscal policy … Wikipedia
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 … Law 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 — /mil ij/, n. the tax rate, as for property, assessed in mills per dollar. * * * … Universalium
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
Property tax — Taxation An aspect of fiscal policy … Wikipedia
Ad valorem tax — An ad valorem tax (Latin: according to value ) is a tax based on the value of real estate or personal property.An ad valorem tax is typically imposed at the time of a transaction (a sales tax or value added tax (VAT)), but it may be imposed on an … Wikipedia
Special assessment tax — Special assessment is the term used in the United States to designate a unique charge government units can assess against real estate parcels for certain public projects. This charge is levied in a specific geographic area known as a Special… … Wikipedia
property tax — n: a tax levied on real or personal property (as by a municipality) compare excise, income tax Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
ad valorem tax — n. A tax assessed on the value of property. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. ad valorem tax A tax that is calculated according to value o … Law dictionary
