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 ?
A clown with a trumpet floated in front of him as the crowd milled around. There was colour and banners everywhere.
Scores of Hezbollah-allied protesters milled around each blockade, the Christians among them easily identifiable from their bright orange scarves and hats that signify the Free Patriotic Movement.
To the right, the Locarno - now the city library - was gearing up for party-goers and shoppers milled around the upper level of the Lower Precinct, now much revamped but still at its centre the old "round caff" now O'Briens coffee bar.
We continued communicating to Mustin and to the vessel in distress, now with an added sense of urgency--we didn't know if these explosions were going to hit a fuel tank and really go up, or if the breeze might change and bring the fire sweeping forward, where the remaining crew still milled around waiting for rescue.
Video underlined the theme of perpetually shifting place: Toy houses milled around like cars; violent winds and waters evoked hurricanes; a desolate street summoned subconscious fears.
For those of you who missed the April event, the scene at the Friday night tasting went something like this: consumers milled around the room and sampled wines from various producers, vendors sold the usual array of hokey wine accessories and people nibbled on cheese cubes and crackers.