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The millage rate is the amount per $1,000 (1/1000 of a dollar) used to calculate taxes on property. The expressed millage rate is multiplied by the taxable value of the property to arrive at the property taxes due. The City of Naples millage rate is 1.1800. The ad valorem taxes are the largest single revenue source of the General Fund. So to convert millage rates to dollar rate amounts, divide each mill rate by 1,000. Continuing with the example, divide 10 mills by 1,000 to get 0.01. Divide 5 mills by 1,000 to get 0.005. Then, multiply each result by your property’s taxable value.

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