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URL:https://www.learndesk.us/class/6271362765160448/lesson/ad95fd8c2ee8336c28744a9a55cadb05?ref=outlook-calendar
SUMMARY:Converting Mill Rates
DTSTART;TZID=America/Los_Angeles:20260527T190000
DTEND;TZID=America/Los_Angeles:20260527T200000
LOCATION:https://www.learndesk.us/class/6271362765160448/lesson/ad95fd8c2ee8336c28744a9a55cadb05?ref=outlook-calendar
DESCRIPTION: Definition: 1 mill = $.001; a mill rate of 1 mill per $1,000 = .1%; a 1% tax rate = 10 mills
Formula: Tax = (Taxable value ÷ 1000) x Mill rate
Example: A tax rate on a house with a $200,000 taxable value is 7 mills per thousand dollars of assessed valuation. What is the tax?
Tax = ($200,000 ÷ 1,000) x 7 mills = $1,400

https://www.learndesk.us/class/6271362765160448/lesson/ad95fd8c2ee8336c28744a9a55cadb05?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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