What Is A Millage Rate

The tax rate, or millage rate, is set annually by the Jasper County Council. A tax rate of one mill represents a tax liability of one penny per $1.00 (one dollar) of assessed value. Each governing authority estimates their total revenue from other sources. This figure is subtracted from their overall budgetary needs, and then a millage rate is set that will generate the necessary revenues to fulfill budgetary requirements.