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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.
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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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
4) Dartmoor - est 1951, 369sq mi. Most of it is still privately owned.
Likewise, those patients with recurrent MI during 1985-1989 were five fold more likely to die during days 8-60 than were those who did not have a second MI. However, by 2000-2002, they had only a 1.8-fold increased risk of death during the same time period.
2), 1 (DMNS); 12 mi N, 14 mi. E Walsenburg (T26S, R64W, SW 1/4 Sec.
"Rheology of coatings and dispersions" will be held September 29--October 1 at the Halle Library in Ypsilanti, MI. The fee for the course is $1,090.
American Rubber Products, North Tonawanda, NY, received ISO 9001/QS-9000 registration from Entela, Grand Rapids, MI.
Structure 2 sandwiches a 2-MI layer between skins of 1 MI. Structure 3 is 2 MI/1 MI/1 MI.