Millage (noun)

A tax levied on property, expressed in terms of mills, or one-thousandths of a currency unit, per dollar of assessed property value.

Origin:

From mill, meaning a monetary unit of tax, and age, meaning a rate or amount.

Examples:

1. The millage rate was used to calculate the property tax owed by the homeowner.
2. The millage was increased to pay for school renovations.
3. The millage was a controversial issue in the local election.
4. The millage was determined by the local government and applied to all properties in the area.
5. The millage was seen as a fair way to fund public services in the community.