Mill Rate Calculator
The mill rate, also known as the tax rate, is a crucial figure used in property taxation. It represents the amount of tax per $1,000 of assessed property value. Understanding how to calculate the mill rate is essential for both local governments determining their revenue needs and property owners trying to estimate their tax obligations.
function calculateMillRate() {
var totalBudget = document.getElementById("totalBudget").value;
var totalAssessedValue = document.getElementById("totalAssessedValue").value;
var resultDiv = document.getElementById("result");
resultDiv.innerHTML = ""; // Clear previous results
// Validate inputs
if (isNaN(totalBudget) || totalBudget === "" || isNaN(totalAssessedValue) || totalAssessedValue === "") {
resultDiv.innerHTML = "Please enter valid numbers for both fields.";
return;
}
if (parseFloat(totalAssessedValue) <= 0) {
resultDiv.innerHTML = "Total Assessed Property Value must be greater than zero.";
return;
}
// Calculation: (Total Budget / Total Assessed Value) * 1000
var millRate = (parseFloat(totalBudget) / parseFloat(totalAssessedValue)) * 1000;
resultDiv.innerHTML = "The calculated mill rate is:
" + millRate.toFixed(2) + " mills";
}
.calculator-container {
font-family: sans-serif;
max-width: 600px;
margin: 20px auto;
padding: 20px;
border: 1px solid #ccc;
border-radius: 8px;
box-shadow: 0 2px 5px rgba(0, 0, 0, 0.1);
}
.calculator-container h2 {
text-align: center;
color: #333;
margin-bottom: 20px;
}
.calculator-form .form-group {
margin-bottom: 15px;
}
.calculator-form label {
display: block;
margin-bottom: 5px;
font-weight: bold;
color: #555;
}
.calculator-form input[type="number"] {
width: calc(100% – 22px); /* Adjust for padding and border */
padding: 10px;
border: 1px solid #ccc;
border-radius: 4px;
box-sizing: border-box; /* Include padding and border in the element's total width and height */
}
.calculator-form button {
display: block;
width: 100%;
padding: 12px;
background-color: #007bff;
color: white;
border: none;
border-radius: 4px;
cursor: pointer;
font-size: 16px;
transition: background-color 0.3s ease;
}
.calculator-form button:hover {
background-color: #0056b3;
}
.calculator-result {
margin-top: 20px;
padding: 15px;
background-color: #e9ecef;
border: 1px solid #ced4da;
border-radius: 4px;
text-align: center;
color: #333;
}
.calculator-result p {
margin: 0;
font-size: 1.1em;
}
.calculator-result strong {
color: #28a745;
}
.error {
color: #dc3545;
font-weight: bold;
}