millage

Definition

A tax rate expressed in mills, where each mill represents one dollar of tax for every one thousand dollars of a property's assessed value.

Etymology

Derived from the Latin 'mille' (meaning thousand), it entered English through the combination of 'mill' (a unit equal to one-thousandth of a dollar) and the suffix '-age' used to denote a rate or a charge.

In the news

The article uses the term to describe the tax rates set by the Board of Education, noting they chose a specific millage rate instead of accepting lower 'rollback' rates.

Youmans Sues Vidalia Schools

Vidalia Advance

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