Definition: Millage is a property-tax rate expressed in mills.
Example
An illustrative 18-mill rate equals 0.018; applied to $200,000 taxable value, the tax is $3,600.
Keep the distinction clear
Combine millage rates only when they apply to the same taxable value. School and non-school levies may require separate calculations because their exemptions differ.
Related terms
Mill · Tax Rate (Property Taxes) · Ad Valorem
Keep studying
Homestead Exemptions and Property-Tax Math
References: Florida Department of Revenue: the property tax system
Pronunciation (US): MIL-ij (capitals show stress)
Pronunciation reference: Merriam-Webster
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