Definition of "millage"
  1. A rate used to calculate property tax, where one mill equals a tenth of a cent and is applied to the property's assessed taxable value
How to use "millage" in a sentence
  1. The municipality increased the millage rate, resulting in higher property taxes.
  2. Understanding the influence of millage on property tax can help homeowners budget more effectively.
  3. Evaluating the millage of various areas can influence real estate investment decisions.

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