Millage Rate
Property tax rate whereby each mill is $1 of tax assessment per $1,000 of assessed property value. For example, a house in Los Alamitos is assessed at $200,000 and the millage rate is 10 mills. The assessment for the home would be $2,000 ($200,000*.01).
Popular Real Estate Terms
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Helps in supporting a building. ...
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Determining the measurements of a specific location. ...
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Partner in a real estate business who remains anonymous but has legal rights and obligations. ...
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