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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 ?
When the millwheels stopped turning, the property became at various times a holiday home, a retreat for two nuns and bolt hole for the Duchess of Bedford, who later died flying her plane across the sea.
This achieves faithfulness to the original in declamation, but meaningful connections can be lost: "Oh, grow, endlessly grow / Use all the water in the world / To mill our stomach" makes more sense after one reads the Chinese: "Use all the water in the world / To turn the millwheels in [or "of"] our stomach." Despite frequent apostrophe and enjambment, Zheng more consistently writes in full, grammatical sentences than Bei Dao, and Luo's renditions are faithful to that approach.
The small timber sizes of fruitwoods have made them popular for use also as inlays and for marquetry de signs." The book also notes that apple wood was found to "mesh well in timber engineering -- millwheels, water wheels and the working parts of windmills were geared with apple teeth set in oak-framed wheels.