Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Texas > Dallas
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-07-2007, 06:43 AM
 
Location: la hacienda
2,256 posts, read 9,735,920 times
Reputation: 1159

Advertisements

I found this online about the recent tax valuations:

DHome » Blog Archive » PROPERTY TAX VALUATIONS EXPLAINED
Reply With Quote Quick reply to this message

 
Old 06-07-2007, 06:52 AM
 
3,035 posts, read 14,400,505 times
Reputation: 915
Well, I learned a new term....'millage rate'. Need to throw this one around at cocktail parties. Wait, I need to get invited to a cocktail party first :-)

Anyway, this makes sense now as many here have talked about large jumps in the recent assessed values of their homes. It seems that this next tax cut may be doing little more than robbing peter to pay paul. I guess if you fight it, then you can lower your assessed value and still get the benefit of the cut. But it sounds like they want you to work for it.
Reply With Quote Quick reply to this message
 
Old 06-07-2007, 10:02 AM
 
Location: WA
5,640 posts, read 24,877,514 times
Reputation: 6573
Quote:
Originally Posted by socketz View Post
Well, I learned a new term....'millage rate'. Need to throw this one around at cocktail parties. Wait, I need to get invited to a cocktail party first :-)

Anyway, this makes sense now as many here have talked about large jumps in the recent assessed values of their homes. It seems that this next tax cut may be doing little more than robbing peter to pay paul. I guess if you fight it, then you can lower your assessed value and still get the benefit of the cut. But it sounds like they want you to work for it.
Yes, something I had to look up when I moved as the term is used widely in other parts of the country...

mill... one-tenth of one cent as used by some governments in the USA to compute property taxes. The process is called establishing or setting a mill rate or millage rate. The millage rate is the property tax rate stated in terms of tenths of cents in tax per dollar of property value.

For the properties I work with the reduction was a wash. Valuations and changes in various rates resulted in almost no change in actual taxes.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Texas > Dallas

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top