What is Millage Rate?

Each local government (county, city, school system) uses a millage rate to help fund the needs of their specific organization.

Here’s a simple way to think about it:

  1. Millage Rate Basics:

    • The millage rate is the tax rate used to calculate the amount of property tax you will owe.

    • In Bryan county, the tax is based on 40% of your property’s fair market value (the value of your property determined by tax assessor's office, by state law)

  2. How It Works:

    • First, the tax assessor determines your property’s fair market value, based on state law.

    • Then, they take 40% of that value. This part is called the assessed value, and it’s the amount to which the the millage rate is applied.

  3. What is a "Mill"?

    • A mill is a number that equals $1 of tax for every $1,000 of the assessed value of your property.

    • So, if the millage rate is 15 mills, you would pay $15 in taxes for every $1,000 of your property’s assessed value.