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  2. The mill rate is simply a tax rate that is used to assess the property tax within a jurisdiction. It utilizes a specific calculation (1 mill is equal to $1 in property tax levied per $1,000 of a property's assessed value) and this amount is used to pay for government expenses within the area where the property is situated.
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    What town has the lowest mill rate in CT?What towns in CT have the lowest mill rate? Salisbury has the lowest mill rate out of any town at 11.6. It’s followed narrowly by Greenwich at 11.682.
    What is mill rate property taxes?Mill rate, or millage, is a tax rate some municipalities use to determine their local property taxes. One mill equals one-thousandth of a dollar. For each mill levied on your property, you’ll pay $1 in property taxes per every $1,000 of assessed value.
    What is the definition of mill rate?The mill rate is the amount of tax payable per dollar of the assessed value of a property. The mill rate is based on “mills.” It is a figure that represents the amount per $1,000 of the assessed value of the property, which is used to calculate the amount of property tax.
     
  4. What Is a Mill Rate, and How Are Property Taxes Calculated?

     
  5. What Is a Mill Rate? - The Balance

  6. All About Mill Rate: A Simple Guide to Understanding …

    WEBJul 29, 2021 · What is a mill rate? The term mill derives from the Latin mille, which translates into thousand. In the context of property taxes, one mill rate equates to a $1 tax levy for every $1,000 of a home’s assessed …

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  10. What is a millage rate and how does it affect school …

    WEBMay 27, 2015 · The millage rate is the number of dollars of tax assessed for each $1,000 of property value. A rate of 10 mills means that $10 in tax is levied on every $1,000 in assessed value. A school district typically …

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