Commercial/industrial property with a taxable assessment of less than $500,000 will have a mill rate of 12.25.
Commercial/industrial property with a taxable assessment of more than $500,000 will have a mill rate of 12.25 on the first $499,999 of assessment, a mill rate of 15.75 on assessment between $500,000 and $5,999,999 and a mill rate of 18.55 on any assessment of $6,000,000.