The county auditor computes the mill levy rate that is applied to the taxable valuation of each property. It is calculated by dividing the budget amount of each taxing district by the taxable value of that district to obtain the tax rate. A consolidated tax rate is then calculated for each property by adding the tax rates of each of the taxing districts that affect the property, such as county, city, school, etc. The resulting consolidated tax rate is applied to the taxable value of each property to arrive at the total consolidated tax. The taxation rate is often expressed in mills, which represents 1/1000 of a dollar. Therefore, a mill rate of 300 mills represents taxes of $.30 per $1 of taxable valuation.