Gwinnett adopts definition of “millage”
Gwinnett County has adopted and published MillageRate.com’s definition of “millage” at its web site:
Millage: One “mill” equals $1.00 of property taxes for every $1,000 of assessed valuation. The total millage rate is derived by dividing the portion of the county budget to be funded by property taxes each year by the total assessed valuation (net digest) of the taxable property within the county. Other taxing authorities should calculate the millage in the same way. The rates of several taxing authorities may combine to make up your total tax bill including county, schools and municipal operations, bond (debt) retirement (if any) and any special tax districts, if applicable. The state of Georgia also assesses a tax of 1/4-mill.
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