To Compute The Value One Mill, And Impact Of Dollars ...
Computation of Example: The first step is to determine the mill rate: $312,000,000 / 1000 = $312,000 (example #1) $50,000 / $312,000 = 0.160 mills (example #2) The second step is to determine the residential property assessed value: $100,000 home x .115 = $11,500 (assessed value)