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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 ?
Tracey Viereck manager of the Millstone in Gosforth who have barred Mike Ashley
Rather satisfied with our firstcourse options, we moved on to the roasts, and there is certainly a decent selection on offer at The Millstone.
Perhaps one of the better sights that Millstone, a 1988 Buffalo Grove graduate who played for Rich Roberts, saw was the critical double-team on Bison freshman Kam Craft in the closing seconds of regulation after his 12-footer had given the hosts (13-9) a 56-54 lead with two minutes left.
Millstone Medical, leading provider of customized solutions to the medical device industry, has over 15 years of experience organizing outsourced supply chains.
The Groundbreaking ceremony for their new facility on June 15th 2018 at 595 State Highway 33 in Millstone Township, NJ.
It got its name after a broken millstone was discovered during its construction and incorporated into the building.
Most recently serving as chief operating officer, Neuberger began his career at Millstone as vice president of operations of the firm's Olive Branch, Miss., loaner kit and distribution facility.
The project is likely to be operational in June 2016, and is intended to help enhance service to nearly 34,000 customers in East Windsor, Englishtown, Hightstown, Manalapan, Millstone and Monroe.
It is a measure of the incompetence of former Fianna Fail Transport Minister Martin Cullen that he saddled us with this millstone.