bond-basics

Millage or Mill

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.

Dive Deeper on Tax Issues

Learn more about how various aspects of tax law intersect with municipal securities.

Hudson Yards Rail Yards

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Denomination

The incremental par amount established for a bond issue at which the bonds may be purchased.