08/20/2026
UNDERSTANDING YOUR MILL RATE
Informed Community - Strong Schools
What is a mill rate?
Property tax: The property tax mill rate is used to calculate the District’s share of local property taxes. The rate is calculated by dividing the total amount of money a taxing body (school district, county, etc.) needs to collect from property owners to operate by the total value of all property within its boundaries.
A mill rate, or millage rate, is the amount of property tax charged per $1,000 of a property's assessed value. Local governments and taxing entities set these rates to fund public services like schools, roads, and emergency services.
Calculating Property Taxes Using Mills
One "mill" equals $1 of tax per $1,000 of assessed value. To calculate your tax burden, you can look up your property's assessed value and apply the following formula:
{Property Tax Owed} = Assessed Value divided by 1000 multiplied by {Mill Rate}
Example:
If your local taxing authority has a total mill rate of 7 and your property's assessed value is $200,000, the calculation is:
$200,000 / 1000 x 7 = $1,400 in annual property taxes.
Our goal is to be transparent and provide the community with clear, easy-to-understand information about how school funding works. We encourage you to stay informed as we work together to make the best decisions for our students, staff, and future.
Thank you for supporting Wonewoc-Center Schools and our students! It's a Great Day to Be a Wolf!
STRONG SCHOOLS * STRONG COMMUNITY * STRONG FUTURE
