Tax rate per dollar is calculated by taking the budget needed divided by the total assessed value.

Name: Tax rate per dollar is calculated by taking the budget needed divided by the total assessed value.
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The tax rate per dollar, often referred to as the millage rate, is calculated by dividing the total budget needed by the total assessed value of all properties within the jurisdiction. This rate is then applied to individual property values to determine the amount of tax owed by each property owner.

Tax Rate Per Dollar Is Calculated by Taking the Budget