Millage rate definition

Millage rate means the millage rate listed in the most
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Millage rate means the millage rate listed in the most recent tax ordinance approved by the county quorum court under the authority of Ark. Code Ann. § 14-14-904.
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Millage rate means the net ad valorem tax levy, in mills, that is established by the recommending or levying authority to be applied to the net assessed value of taxable property within such authority’s taxing jurisdiction for purposes of financing, in whole or in part, the recommending or levying authority’s maintenance and operating expenses.
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Examples of Millage rate in a sentence

  • Immediately preceding the Purchase from each Originator hereunder, each of the Originators shall be the owner of all of the Purchased Assets purported to be sold, free and clear of any Adverse Claims and each sale hereunder shall constitute a valid sale, transfer and assignment of all of the Originator’s right, title and interest in, to and under the Purchased Assets, free and clear of any Adverse Claims.

  • Property taxes are a simple mathematical problem: Millage rate times the taxable value equals the taxes collected (revenue).

  • G1) Approve 2019 Millage Ratea) PresentationThe City manager provide a presentation on the proposed 2019 Millage rate.

  • Tim Dunn, MayorATTEST: July 5, 2021City Hall (770) 921-2210 • Fax (770) 921-8942Police Department (770) 921-2211 • Fax (770) 923-6871Court Services (770) 921-2505 • Fax (770) 921-7723Planning (770) 279-3710 • Fax (770) 921-9822 2021 Millage rate and Tax Increase Public Hearing – 6:00 p.m. I.

  • The property tax calendar is as follows: January 1 - Assessment dateJuly 1 - Tax Assessors send returns to Tax Commissioner July 25 - Millage rate is set by the County CommissionJuly 28 - County tax digest is submitted to the State Revenue Commissioner September 30 - Bills are mailed by Tax CommissionerDecember 20 - Due date for property taxes other than motor vehicles December 21 - Execution date for unpaid taxesTaxes are collected throughout the year.

  • The following were the 2014 tax rates approved to support the 2015 proposed budgets: the General Millage rate of .9950 will generate a tax collection of $557,200; the Fire Millage rate of 1.0000 will generate a tax collection of $560,000; the Police Millage rates of .7163, 1.500 and .7500 will generate a tax collection of $1,660,000; the Parks Millage rate of .7500 will generate a tax collection of $420,000; and the Bond Millage rate of .6500 will generate a tax collection of $354,000.

  • Millage rate - the ad valorem tax rate set by the Lake Wales City Commission to partially fund the provision of municipal services during any fiscal year.

  • MOTION by Ballard, seconded by Boelke, to accept the recommendations by Treasurer Adair to propose the 2018 Tax Millage rate at the maximum allowable levy as permanently reduced by MCL211.34d and authorized under Truth in Taxation, MCL.21124e, with full understanding that these requested tax levy rates will be reduced, if necessary, to comply with the state constitutional (Article 9 Section 31) MCL Sections 211.34 and 211.24e.

  • Tim Dunn, MayorATTEST: July 12, 2021City Hall (770) 921-2210 • Fax (770) 921-8942Police Department (770) 921-2211 • Fax (770) 923-6871Court Services (770) 921-2505 • Fax (770) 921-7723Planning (770) 279-3710 • Fax (770) 921-9822 2021 Millage rate and Tax Increase Public Hearing – 6:00 p.m. I.

  • NEED/ IMPACT:The Clarkston City Council has advertised a proposed 2020 Millage rate of 15.89, the same rate that was adopted in 2019.


More Definitions of Millage rate

Millage rate means the rate, as in effect at January 1 of each year, that is determined pursuant to AS 29.45.240 for property in each district of the Legacy Territory.
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Millage rate means .012 in fiscal year 1999, .011 in fiscal year 2000, .010 in fiscal year 2001, and .009 in fiscal years 2002 through 2005 2004.
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Millage rate means the millage rate listed in the most recent tax ordinance
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Millage rate means the amount per $1,000 used to calculate ad valorem property taxes, as determined by the County Assessor. The Millage Rate will be a function of the individual millage rates for each taxing district that affects the Facility. Promptly following such determination, the County Assessor shall provide written notice of each of the AV and the Millage Rate to JCEP and its designated affiliate, the Zone Sponsors, and the CPA. The CPA will input such figures into the following cells within the “Inputs” tab of the Model: Assessed Value: [Column H] for the applicable Tax Year Millage Rate: [Column G] for the applicable Tax Year The Model will automatically calculate the CSF for each Tax Year. The CPA will conduct all necessary accounting verifications of each CSF so calculated prior to issuing to the Parties a formal notice of CSF for the applicable Tax Year in accordance with the Agreement.
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Millage rate means .012 in fiscal year 1999, .011 in fiscal year
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Related to Millage rate

  • Wage Rate refers to an Employee’s hourly rate of pay reflected by the pay grade of her position and her step within that grade, as set out in the Wage Rate grid in Appendix II.

  • Average Rate means the simple arithmetic mean of the bank rates in effect at 4:00 p.m. Eastern Standard Time each day during the calendar month which immediately precedes the calendar month in which payment is made, where the "bank rate" means the rate of interest established from time to time by the Bank of Canada as the minimum rate at which the Bank of Canada makes short term advances to members of the Canadian Payments Association;

  • Mortgage Rate The annual rate of interest borne by a Mortgage Note from time to time.

  • Minimum Mortgage Rate With respect to each Adjustable-Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the minimum Mortgage Rate thereunder.

  • Adjusted Net Mortgage Rate As to each Mortgage Loan and at any time, the per annum rate equal to the Mortgage Rate less the Expense Fee Rate.

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Net Mortgage Rate With respect to any Mortgage Loan (or the related REO Property) as of any date of determination, a per annum rate of interest equal to the then applicable Mortgage Rate for such Mortgage Loan minus the Servicing Fee Rate.

  • Annual Percentage Rate or “APR” of a Receivable means the annual percentage rate of finance charges or service charges, as stated in the related Contract.

  • Reference Rate means the rate specified as such hereon.

  • Maximum Mortgage Rate With respect to each Adjustable Rate Mortgage Loan, the percentage set forth in the related Mortgage Note as the maximum Mortgage Rate thereunder.

  • Maximum Net Mortgage Rate With respect to any adjustable rate Mortgage Loan and any date of determination, the Maximum Mortgage Rate minus the sum of (i) the Subservicing Fee Rate and (ii) the Servicing Fee Rate. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Three-Month LIBOR Rate means the rate determined in accordance with the following provisions:

  • Discount Net Mortgage Rate As defined in the Series Supplement.

  • Yield Rate means, (i) with respect to any Eligible Treasury Security on deposit at any time in either of the Paired Holding Trusts, the stated interest rate of such Eligible Treasury, if any, or any discount rate applicable to such Eligible Treasury, based on the purchase date and purchase price at which the applicable Paired Holding Trust acquired that Eligible Treasury, and (ii) with respect to any Eligible Treasury Repurchase Agreement, the difference between the repurchase price and the purchase price paid under such agreement, with such difference expressed as a percentage of such purchase price.

  • Modified Net Mortgage Rate As to any Mortgage Loan that is the subject of a Servicing Modification, the Net Mortgage Rate minus the rate per annum by which the Mortgage Rate on such Mortgage Loan was reduced.

  • One Month LIBOR Rate means, with respect to any interest rate calculation for a Loan or other Obligation bearing interest at the Alternate Base Rate, a rate per annum equal to the quotient (rounded upward if necessary to the nearest 1/16th of one percent (0.0625%)) of (i) the rate per annum referred to as the BBA (British Bankers Association) LIBOR RATE as reported on Reuters LIBOR page 1, or if not reported by Reuters, as reported by any service selected by Administrative Agent on the applicable day (provided that if such day is not a Eurodollar Banking Day for which a Eurodollar Rate is quoted, the next preceding Eurodollar Banking Day for which a Eurodollar Rate is quoted) at or about 11:00 a.m., London time (or as soon thereafter as practicable), for Dollar deposits being delivered in the London interbank eurodollar currency market for a term of one month commencing on such date of determination, divided by (ii) one minus the Reserve Requirement in effect on such day. If for any reason rates are not available as provided in clause (i) of the preceding sentence, the rate to be used in clause (i) shall be, at Administrative Agent’s discretion (in each case, rounded upward if necessary to the nearest one-sixteenth (1/16) of one percent (0.0625%)), (1) the rate per annum at which Dollar deposits are offered to the Administrative Agent in the London interbank eurodollar currency market or (2) the rate at which Dollar deposits are offered to the Administrative Agent in, or by Xxxxx Fargo to major banks in, any offshore interbank eurodollar market selected by Administrative Agent, in each case on the applicable day (provided that if such day is not a Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market, the next preceding Eurodollar Banking Day for which Dollar deposits are offered to Administrative Agent in the London interbank eurodollar currency market) at or about 11:00 a.m., London time (or as soon thereafter as practicable) (for delivery on such date of determination) for a one month term. Each determination by Administrative Agent pursuant to this definition shall be conclusive absent manifest error.

  • Annual Revenue Rate means the rate employed to assess a compliance penalty charge on a Curtailment Service Provider under Tariff, Attachment DD, section 11.

  • Prevailing wage rate means the rate, amount, or level of wages, salaries, benefits, and other

  • Daily Adjusting LIBOR Rate means, for any day, a per annum interest rate which is equal to the quotient of the following:

  • Straight-time rate means the hourly rate of remuneration.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Adjusted Mortgage Rate As to each Mortgage Loan, and at any time, the per annum rate equal to the Mortgage Rate less the Master Servicing Fee Rate.

  • Rate Year means July 1st of a given Calendar Year through June 30th of the succeeding Calendar Year.

  • Maximum Lifetime Mortgage Rate The maximum level to which a Mortgage Interest Rate can adjust in accordance with its terms, regardless of changes in the applicable Index.

  • Adjusted Net Maximum Mortgage Rate With respect to any Mortgage Loan (or the related REO Property), as of any date of determination, a per annum rate of interest equal to the applicable Maximum Mortgage Rate for such Mortgage Loan (or the Mortgage Rate in the case of any Fixed-Rate Mortgage Loan) as of the first day of the month preceding the month in which the related Distribution Date occurs minus the sum of (i) the Trustee Fee Rate and (ii) the Servicing Fee Rate.

  • Daily LIBOR Rate means, for any day, the rate per annum determined by the Agent by dividing (x) the Published Rate by (y) a number equal to 1.00 minus the Reserve Percentage.