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Mill

1/1,000, or 10% of 1% of a measure. Mills are used in the calculation of property taxes. See also: Mill rate.

mill

One-tenth of one cent, or $0.001. Ad valorem (property) taxes are usually expressed in terms of a certain number of mills.A rate of 12.4 mills means that a property assessed for $100,000 would have ad valorem taxes of 12.4 (rate) 0.001 (mill) $100,000 (assessed value) for a tax of $1,240.

References in classic literature ?
There," and Miss Mills pointed to the door of her own little bedroom.
As Miss Mills spoke in her motherly tone, and cast a proud and happy look toward the warm and quiet nest in which she had sheltered this friendless little sparrow, feeling sure that God meant her to keep it from falling to the ground, Polly put both arms about her neck, and kissed her withered cheek with as much loving reverence as if she had been a splendid saint, for in the likeness of this plain old maid she saw the lovely charity that blesses and saves the world.
The owners of the mills are particularly careful to allow no persons to enter upon the possession of these houses, whose characters have not undergone the most searching and thorough inquiry.
Thirdly, they have got up among themselves a periodical called THE LOWELL OFFERING, 'A repository of original articles, written exclusively by females actively employed in the mills,' - which is duly printed, published, and sold; and whereof I brought away from Lowell four hundred good solid pages, which I have read from beginning to end.
There was something so natural and winning in Clara's resigned way of looking at these stores in detail, as Herbert pointed them out, - and something so confiding, loving, and innocent, in her modest manner of yielding herself to Herbert's embracing arm - and something so gentle in her, so much needing protection on Mill Pond Bank, by Chinks's Basin, and the Old Green Copper Rope-Walk, with Old Barley growling in the beam - that I would not have undone the engagement between her and Herbert, for all the money in the pocket-book I had never opened.
We agreed that it should be carried into execution, and that Provis should never recognize us if we came below Bridge and rowed past Mill Pond Bank.
A crooked tree-branch crossed it, a branch of the apple-tree under which, on summer evenings, he had sometimes found Mattie sitting when he came up from the mill.
I was over in Mill Valley last night," Dave began confusedly.
If it wasn't one thing the matter with the mill, it was another.
Except one, which was apart from his necessary progress through the mill.
In Church Street, Smith Square, by Mill Bank,' repeated Miss Peecher, as if possessed beforehand of the book in which it was written.
Now I can turn my eyes toward the mill again, and watch the unresting wheel sending out its diamond jets of water.