What is the millage rate?

The millage rate, also referred to as the ad valorem tax rate, or the property tax rate, refers to the number of mills assessed per thousand dollars or the levy per thousand dollars of taxable value of real property. Each taxing authority establishes its own millage rate. 

The millage rate for a North Miami Beach taxpayer is typically only 31% of the total millage paid to all taxing authorities. View a historical list of past millage rates since Fiscal Year 2001 (PDF).

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1. What is the city’s Adopted Budget?
2. What is a Fiscal Year?
3. What is an ad valorem tax?
4. What does a North Miami Beach property owner pay in taxes?
5. What is a mill?
6. What is the millage rate?
7. How many full-time employees work for the City?
8. For purposes of the City’s budget, what does debt mean?
9. What does debt service mean?
10. What is a fund?
11. What is an Enterprise Fund?
12. What is a Self-Insurance Fund?
13. What is the Capital Improvement Program (CIP)?
14. What is a capital project?
15. What does GAAP and GASB stand for?
16. What is a CAFR?