millage

/ˈmɪliɪdʒ/

Definitions

1. noun

A tax on real or personal property, usually expressed as a rate per dollar of assessed value.

“The city council voted to increase the millage rate to fund new infrastructure projects.”

2. noun

An amount of tax paid or levied on real or personal property.

“The homeowners association collected a millage fee from each resident to maintain the community’s common areas.”

Synonyms

  • property tax
  • tax rate

Antonyms

  • exemption
  • rebate