The municipal tax rate is the rate applied to assessed property values to calculate the municipal portion of property taxes. Councils set municipal tax rates annually during budget approval, balancing revenue needs against taxpayer affordability. Different property classes (residential, commercial, industrial, farmland) may have different rates. The municipal rate is typically expressed as a mill rate (dollars per $1,000 of assessed value) or as a percentage. Understanding municipal tax rates helps property owners calculate their tax bills and compare municipal taxation across communities. Rate changes combined with assessment changes determine actual tax bill changes from year to year.