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


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 periodicals archive ?
The Blue Steel line of products represents Stowe Woodward's ongoing mission to deliver the highest performing roll cover technology to mills around the world, and is supported by more than 119 years in the paper industry.
Even further away from the limelight is the Paper Stock Dealers subsidiary that provides feedstock to Sonoco's paper mills and other mills around the world.
From large scale de-inking and water management systems to accessories such as doctor blades, Kadant equipment can be found in pulp and paper mills around the world.
Where timber supplies are available, we're running many of our mills around the clock in an attempt to meet the demand for our products," said Harry A.
The North American Press Selection provides a broad palette of products from mills around the world, giving choice and range to our North American buyers.