mill

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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 periodicals archive ?
The NAFB is using the mall intercept method of research at farm shows across the country, which means you may be asked to fill out a survey as you mill around tents and farm show exhibits.
He goes to hospitals and medical camps in Sierra Leone, where people whose arms were chopped off by the rebels mill around traumatized.
Another half-dozen teenagers mill around the weight room, casting glances at themselves and one another in the mirror.