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Property tax rates are often expressed in mills. A mill is equal to of a cent, or of a dollar. To change the tax rates in Example 1 to decimal form, divide by 1000, as shown.
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Depending on where you live, property taxes may be used to fund public education, fire departments, snow removal, public libraries, debt, and many other services. Also, property taxes may be combined (see Example 3) or expressed in individual millages (see Exercises 9-13).
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A tax bill can be confusing if you don't know how to read it. This sample property tax bill gives a detailed explanation of information found on a property tax bill.
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