Limited Tax General Obligation Bond (“LTGO”)
A type of General Obligation (GO) Bond secured by limited taxing powers of the Issuer.
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.
A type of General Obligation (GO) Bond secured by limited taxing powers of the Issuer.