Millage Rates and Property Tax troubles

[Nathan Patterson]

From the research that I've done, I've found to calculate Property Tax that you use the Millage Rate for the county that your purchasing in.  Correct me if that is not right.  

After searching for the Millage rate of my county, I found a 100.96 total millage rate(county, school, fire, garbage etc.) Using the example of a $75,000 assessed value property, multiplied by the millage rate would equal a property tax of $7,572 per year(75,000*.10096).  Unless I'm putting the comma in the wrong place, that seems really high compared to all the deal analyses I've looked at on the forum.  Yes there different areas but they tend to be in the low thousands or hundreds of dollars.  

This is assuming no deductions, such as homesteaders and others.  The area is Lee County, Mississippi.  The Millage rate I used was was from FY 2012-2013 but I haven't been able to find the most recent.  Just doing this for practice mainly.  Thanks for any help