What is millage rate?
A property-tax rate expressed in mills (dollars per $1,000 of assessed value); the sum of county, city, school, and special-assessment components in some markets.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.