Mill: one thousandth, mill means $1 of taxes for every $1,000 of assessed value and is the tax rate or mill levy. For example, 25 mills is equal to $25 for every $1,000 of assessed value.
To calculate property tax, multiply the assessed value of the property by the mill rate and then divide by 1,000. For example, a property with an assessed value of $50,000 with a mill rate of 76 would have a property tax bill of $3,800 per year.
50,000 x 76= $3,800,000 / 1,000 = $3,800
Taxing entities determine the mill levies, based on their budget requests to the County Commissioners and are set every year on the 1st Monday in August.
Access the 2023 General Tax Levies for Albany County here
View previous year General Tax Levies for Albany County here