![]() International Human Rights Law and Past Reparations Examples ![]() The Call for Reparations and Legal Justice The Fight for Reparations and Economic Justice in Tulsa As used in relation to property tax, 1 mill is equal to $1 in property tax, which is levied per $1,000 of a property's determined taxable value.Reverend Robert Turner of the historic Vernon African Methodist Episcopal (AME) church, damaged in the 1921 Tulsa Race Massacre, leads a reconciliatory pilgrimage of sorts from the Vernon AME to Tulsa City Hall every Wednesday, demanding “reparations now.” © 2019 Ian Maule/Tulsa World Mill rate is also known as the millage rate. The term "millage" is derived from a Latin word millesimum, meaning thousandth, with 1 mill being equal to 1/1000th of a currency unit. Property taxes are calculated by multiplying the assessed, taxable property value by the mill rate and then dividing that sum by 1,000.Government entities set mill rates based on the total value of property within their jurisdiction, to provide the necessary tax revenue to cover projected expenses-roads, schools, emergency services, and so on-in their annual budgets.As used in property tax, 1 mill is equal to $1 in property tax levied per $1,000 of a property's assessed value.Mill is derived from the Latin word millesimum, meaning thousandth.Mill rate is a tax rate-the amount of tax payable per dollar of the assessed value of a property.
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