The millage rate (also known as mill rate, mil rate) is the amount per $1,000 of property value that is used to calculate local property taxes. Assigned millage rates are multiplied by the total taxable value of the property to arrive at the property tax.
A real property millage rate in Connect is calculated by adding certified rates for each taxing entity in the tax district. The district millage percentage is the millage rate divided by 1000.
Taxing District Mill Rate = (Taxing Entity Mill Rate 1 + Taxing Entity Mill Rate 2 + Taxing Entity Mill Rate 3 + ....)/1000
Real Property Mill Rate = Taxing District Mill Rate
Real Property Mill Rate Percent = Mill Rate x 1000
Reports that use mill rates
Real Property Tax Roll - List
Transaction Register
Real Property Accounts Receivable Report
Add a certified rate to the taxing entities that use mill rates. Make sure the mill rate is saved as the Certified Rate and not the Proposed Rate.
Review the taxing entities by district that will be included in the mill rate calculation.
1. Open Connect Property Tax Collection > Reports > [Insert report name].
Reports that use mill rates
Real Property Tax Roll - List
Transaction Register
Real Property Accounts Receivable Report
2. Click the Columns tab.
3. Navigate to the section that will show the mill rate.
4. Find the section titled Tasks and click Modify Columns for the Report Line.
The Selection form displays.
5. Double-click [Report].Mill Rate to move it to the Selected Columns list. Next, double-click [Report].Mill Rate Percent.
Both [Report].Mill Rate and [Report].Mill Rate Percent should be included in the Selected Columns list.
6. Click OK.
The [Report].Mill Rate and [Report].Mill Rate Percent columns are added to the report.
When you print the report, the report will include columns for Mill Rate and Mill Rate Percent.