How is the millage rate typically expressed in Florida?

• A. In dollars per hundred
• B. In percentages
• C. In mills
• D. In credits

Answer: (C)

Florida expresses property tax rates in mills. A mill is one tenth of a cent per dollar of taxable value, or $1 for every $1,000 of taxable value. This means the tax due is calculated as (taxable value ÷ 1,000) × millage rate. For example, with a taxable value of $120,000 and a millage rate of 25 mills, the tax would be (120,000 ÷ 1,000) × 25 = 120 × 25 = $3,000. This unit keeps the math consistent with value in thousands. Saying the rate in dollars per hundred or in percentages would describe a different basis and isn’t how Florida commonly presents millage, and credits aren’t a rate expression.