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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 ?
A few years ago Haywood and his wife, Sandra, converted the 17th century water mill in the regional capital of Norwich in the eastern counties of England.
New Hall Water Mill Wylde Green Road, Sutton Coldfield, B76 1QU This 18th century, Grade II-listed, flour mill is in full working order and only open to the public on specific open days.
If you're shocked at the cost of electricity then maybe making your own is the answer and this gorgeous water mill home for sale near Brecon can help.
The agents, managers and staff at the Hamptons offices of The Corcoran Group celebrated the holidays and the end of a successful year at the Parrish Art Museum in Water Mill. Corcoran President and CEO Pamela Liebman, along with EVP and General Sales Manager Bill Cunningham and Frank Percesepe, Regional SVP of Brooklyn, mingled with the crowd on the winter evening to congratulate Corcoran agents on their deals throughout the region.
e equipment, such as the sand digger and the water mill, allows the kids to be creative whilst having lots of fun.
The new trees, a combination of native broad leaf, small leaf and fruit bearing specimens, will create a link between two established woodlands near Path Head Water Mill.
The sources said that the mum-of-two, who will turn 44 on Wednesday, would continue celebrating at her new 10 million dollars Water Mill estate on Saturday.
The Whitley Local History Group have been searching for a site to display the machinery taken from the old Whitley water mill, which formerly stood by Abbey bridge but was demolished in 1955.
THE owner of a historic water mill is selling his treasured landmark to pay off bank debts.
THE owner of a historic water mill has taken to eBay to sell his treasured landmark to pay off bank debts.
From left: Corcoran's Tim Davis, Prudential Douglas Elliman's Dolly Lenz and her Water Mill homeDolly Lenz has upped the asking price on her seven-bedroom, seven-and-a-half-bathroom Water Mill home after a "major redecoration." According to Newsday, the "stratospheric" Prudential Douglas Elliman broker, who in a rare move last June, granted a co-exclusive listing on the house to the Corcoran Group's Tim Davis, is now asking $5.9 million for the property, up 7 percent from her previous, $5.495 million price tag.