Definition

A tax rate applied to property, calculated in mills for every dollar of the property's value.

Example

The millage rate for our area has increased this year, affecting our property taxes.

Conversation

Have you heard about the new millage rate for our town?

Yeah, I saw it in the news; it's gone up a bit this year.

I wonder how that will affect our property taxes in the long run.

I guess we'll just have to budget for it and see how it goes.

Synonyms & Antonyms

Root Explanation

Millage is derived from "mille" (from Latin *mille*, meaning thousand) and "-age" (a suffix used to form nouns indicating a related action or process). The term originally referred to a measure of distance, specifically a thousand units, often used in the context of calculating costs per mile.

Memory Tip

Think of 'mille' meaning thousand, which helps you remember that 'millage' relates to measuring distance, often in terms of cost per thousand miles.

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