Enter the total taxes needed ($) and the total assessed value ($) into the Mill Rate Calculator. The calculator will evaluate the Mill Rate.

## Mill Rate Formula

The following two example problems outline the steps and information needed to calculate the Mill Rate.

**MLR = T / AV**

- Where MLR is the Mill Rate
- T is the total taxes needed ($)
- AV is the total assessed value ($)

## How to Calculate Mill Rate?

The following example problems outline how to calculate Mill Rate.

Example Problem #1:

- First, determine the total taxes needed ($).
- The total taxes needed ($) is given as: 3,600.

- Next, determine the total assessed value ($).
- The total assessed value ($) is provided as: 300,000.

- Finally, calculate the Mill Rate using the equation above:

MLR = T / AV

The values provided above are inserted into the equation below and computed.

MLR = 3,600 / 300,000 = .012

Example Problem #2:** **

For this problem, the variables required are provided below:

total taxes needed ($) = 4000

total assessed value ($) = 400,000

Test your knowledge using the equation and check your answer with the calculator..

MLR = T / AV** = ?**