What is the Property Tax Rate?
General definition: Property Tax Rate (also known as the mill rate) is the amount of tax payable per dollar of the assessed value of a property.
- Used to calculate the amount of property tax for each property
- Determined each year using all the assessed values of all the properties in Maple Ridge
- The Residential Mill Rate in the Property Tax Levy Summary (above) is the amount of tax payable per $1000 dollars of assessed value
- Each Property maybe subject to some flat rate charges as well for various services