- Value tax is a tax based on the appraised value of an item, such as real estate or personal property.
- The mill fee is a property tax applied on the basis of the assessed value of the property.
- The mill rate is the tax rate - the amount of tax payable per dollar of the assessed value of the property.
- The mill rate is the tax rate - the amount of tax payable per dollar of the assessed value of the property.
- Property owners pay property tax calculated by the local government at the location of the property.