Billing

Millage Rate

Leave a Comment / Uncategorized / By Mike Wolfe

What is a millage rate? A millage rate is the amount per $1,000 of assessed value that taxing districts use to calculate local property taxes. For example, a home assessed at $100,000 in a district which levies a 5 mil real estate tax will owe $500 in taxes: Millage Rate vs a Simple …

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The Pennsylvania Property Tax Life Cycle

Leave a Comment / Uncategorized / By Mike Wolfe

The first step in the process is tax assessment. The goal of this step is to assign a fair and equitable value to each parcel in the county relative to the value of every other parcel in the county. The next step is bill preparation. This involves gathering millage rates from the taxing bodies, determining …

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