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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

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 ?
MILLING AROUND? It's a stone-built four-bedroom former miller's cottage and partially converted former corn mill with planning permission for a fourbedroomed residence.
I, for one, have little interest in milling around malls, basing my choices on the ebb and flow of seasonal fashion trends.
Some of you might know of the terror of trying to tee off with six or eight people milling around behind you.
It is run by a trust for the benefit of the poor and resembles a government hospital, with crowds milling around. Coyaji's reach extends to 300 villages, and foreign agencies constantly urge her to expand her programme.
Both Joe and I were puzzled, because we had experienced perfect decoy results previously, with bucks and does milling around and sniffing the decoy.
Soon the participants were milling around while the professional dancers raced around them with a whoop and holler.
"We had a good size turnout for Labor Day weekend with 30 to 40 people sitting down, and everyone else milling around the store.
Start down this path, and we will see restaurants ejecting customers who order the blue-plate special, department stores sending security guards to clobber anyone found milling around the sale racks.
I thought about dancing with my wife when they started playing "Silent Night," but I didn't want one of the millions of kids milling around on the dance floor to roll into my knee and pop a ligament.
After some milling around, my fellow adventurers and hosts were off to perform and watch custom dances, and the longhouse was deserted except for me and a paraplegic who departed into the semi-darkness of the possibly 200-foot-long windowless structure.
After a few hours of milling around the hotel, we finally went home.
"I took several photos before residents started milling around. After a few minutes, they started talking in low tones, saying it may have been a grenade.