09/16/2026
🔍 Understanding Millage Rates 📊
Ever wonder how your property taxes are calculated? Let’s break it down in a simple way!
A millage rate is used to calculate the amount of property taxes you owe.
💡 1 mill = 1/10 of 1%
Here’s an easy example:
🏠 Assessed Value: $10,000
📊 Millage Rate: 150 mills
Without Homestead Exemption:
$10,000 × 0.150 = $1,500 in taxes
With Homestead Exemption:
$10,000 − $7,500 = $2,500
$2,500 × 0.150 = $375 in taxes
🏡 That’s a $1,125 difference!
This is one reason why Homestead Exemption can make a big difference for eligible homeowners.
Have questions about your assessment or Homestead Exemption? We’re here to help!