The increased millage will only affect property owners. If you don’t own any property, you don’t pay property taxes. For homeowners, the increase will depend on the value of your home. For example, if your home is worth $150,000 and you receive the standard $25,000 homestead exemption, you will pay around $10 a month. One mill means you pay $1 for each $1,000 that your home is valued annually by the property appraiser.