What is a mill levy?

A mill levy is a property tax used by governments in Georgia to fund local services such as schools, libraries, roads, and fire and police departments. Property taxes are based on the assessed value of a property, but the mill levy is based on a rate set by the local government. The rate is expressed in mills, which is equal to one-tenth of a cent. The mill levy is then multiplied by the assessed value of the property to determine the amount of tax that must be paid. For example, if a property is valued at $200,000 and the local government has a mill levy of 25 mills, then the property owner will need to pay $5,000 in property taxes. The proceeds from the mill levy will be used to fund local government services. The mill levy rate is determined by the local government and can range from 1 mill to 100 mills. Generally, the more services that a local government provides, the higher the mill levy rate will be. It is important to note that the proceeds from the mill levy can only be used to fund specific services. For example, a mill levy cannot be used to fund state-level services such as state parks or universities.

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What is a mill levy?

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