Taxes! That nasty word that most people do not like to say or think about. Many people do not understand how taxes are calculated and do not want to take the time to learn the process. This is understandable, but citizens understand the way taxes affect their money, they will not understand the urgency of voting in elections.
For example, school districts receive a millage amount calculated on the combination of personal property (cars, trailers, and more) and real property (land and houses). 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 and real property, where the expressed millage rate is multiplied by the total taxable value of the property to arrive at the property taxes due. Millage rates are also used by school boards to calculate local school taxes to be collected based on a derivation of the total property value within school district boundaries.
Millage rates are often expressed mathematically with the symbol %o, as in 1%o, which is one part per thousand, or 0.1%. Millage rates for individual properties are usually found on the property deed itself. Frequently, these taxes are labeled in "mills," with one mill representing \$1 in tax per \$1,000 in tax-assessed value.
By knowing a home's tax-assessed value, the personal property value and the total millage rate, a property owner can calculate the annual taxes due. A home's tax-assessed value is expressed as a percentage of its market value. The millage rate is applied to the home's tax-assessed value. In short, the more property owned by an individual, the higher tax amount in the form of mills are paid to the school district. Very citizen that owns property, whether they have children or not, pay toward the school district of which the property is located. This means that if a student attends school in another district, the millage is paid to the district the student lives. The more property an individual owns, the more money paid to the district. As a comparison, an individual who owns with a market value of \$200,000 in an area where the tax-assessed value equals 20% of market value. The owner of this home is taxed on a value of \$40,000. Assume the home's total millage rate is 36 mills (only the schools portion of the total millage). This means the homeowner owes \$36 in taxes for every \$1,000 in tax-assessed value. This amounts to \$ 1,440 in millage dollars to the school district. Imagine the amount paid by citizens who own many properties and land, as well as numerous vehicle. They pay a tremendous amount of tax dollars.
What if a person owns nothing? That is the flip side. Should those who pay more tax dollars have more say in public school education? The argument about taxes, all of them, has been a source of agitation since the founding of this country. Do not hesitate to ask leaders where money is being spent. As hard working Americans, it is our right to know how tax dollars are spent.