Millage is the percentage of value of property that is used in calculating Taxes. A mill is defined as 1/10 of 1 percent and is multiplied by the assessed value after any exemptions have been subtracted to calculate the taxes.
Learn more about how various aspects of tax law intersect with municipal securities.
The type of offering document circulated prior to the determination of the interest rates and certain other terms of the bonds when it is anticipated or known the bonds will be purchased by an underwriter and resold to the public.
