Calculate a Taxing District Mill Rate to determine the tax rate needed to generate the revenue required by the taxing entities within the district. The mill rate is used to calculate property taxes based on assessed or taxable property values, ensuring that the correct amount of tax is levied and collected. Calculating the mill rate helps maintain accurate tax billing, supports budget and levy requirements, and ensures taxes are distributed appropriately among taxing entities.

Examples:

• Calculate the mill rate needed to fund a city, county, or school district's approved budget.
• Determine the tax rate after changes to assessed property values within the district.
• Recalculate the mill rate when a taxing entity's levy amount changes.
• Verify that projected tax revenue aligns with budgeted funding requirements.
• Review mill rates before generating tax bills to ensure accurate tax calculations.

 

Connect calculates the district mill rate by totaling the taxing entity certified rate for each taxing entity that is assigned to the district. Follow these instructions to look up the taxing entities that will be included in the mill rate calculation.

This is how Connect will calculate a mill rate.

Taxing District Mill Rate = (Taxing Entity Mill Rate 1 + Taxing Entity Mill Rate 2 + Taxing Entity Mill Rate 3 + ....)/1000

 

This is what Connect will use as the mill rate.

Real Property Mill Rate =  Taxing District Mill Rate

 

This is how Connect will calculate the mill rate percent.

Real Property Mill Rate Percent = Mill Rate x 1000

 

Reviewing a district's mill rate

1. Open Connect Property Tax Collection > Organization > Taxing Districts.

2. Look up a Taxing District.

3. Review the taxing entities listed in the section titled Taxing Entities.

 

Connect will add the mill rate for each taxing entity in this list to calculate the district mill rate.