FINANCIAL IMPACT
What is a Mill? A mill represents .0001 of a $1.00.
What is a Millage Rate? The millage rate is the amount per $1,000 used to calculate taxes on property. Millage rates are most often found in personal property taxes, where the expressed millage rate is multiplied by the total taxable value of the property to arrive at the property taxes due.
The last investment that was made in Fort Smith Public Schools was 31 years ago, in 1987.
