Enter the mill rate into the calculator to determine the percentage. This calculator can also evaluate any of the variables given the others are known.

## Mill Rate To Percentage Formula

The following formula is used to calculate the mill rate to percentage.

Percentage = Mill Rate / 10

Variables:

- Percentage is the equivalent percentage of the mill rate (%) Mill Rate is the tax rate levied per $1,000 of property value (mills)

To calculate the percentage from a mill rate, simply divide the mill rate by 10. This is because 1 mill is equivalent to 0.1% or 1/10 of a percent.

## What is a Mill Rate To Percentage?

A mill rate, also known as millage rate, is a tax rate used to calculate property taxes in many areas. It is expressed in mills, where one mill is equal to one-tenth of a cent or $1 per $1,000 of property value. To convert a mill rate to a percentage, you simply divide the mill rate by 10. For example, if the mill rate is 20, the equivalent tax rate would be 2 percent.