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Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property . The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate , and is ...
The property tax rate is typically given as a percentage. It may be expressed as a per mil (amount of tax per thousand currency units of property value), which is also known as a millage rate or mill (one-thousandth of a currency unit). To calculate the property tax, the authority multiplies the assessed value by the mill rate and then divides ...
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Chester Township is a township in Delaware County, Pennsylvania, United States. The population was 3,940 at the 2010 census , [ 3 ] down from 4,604 at the 2000 census. The Sun Center Studios are located in Chester Township.
When applied to a property assessed at $100,000, that millage rate would lead to an annual tax bill of $681 — an increase of $85 over the current county tax rate. Raising the millage rate from 5 ...
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Newtown Township, also referred to by the name of its post office of Newtown Square, [2] is a township in Delaware County, Pennsylvania, United States. Prior to 1789, it was part of Chester County, along with the rest of Delaware County. [3] As of the 2020 census, the population was 15,002. [4]
Aug. 20—Aiken County has a new, lower millage rate, which is used to calculate property taxes. During its meeting Tuesday at the Aiken County Government Center, County Council unanimously passed ...