Categories:
Tax Assessor,
Tax Collector
A mill is one-thousandth of one dollar. Just as you would write
$1.00 for one dollar; and $.10 for a dime, or one-tenth of a dollar;
or $.01 for a penny, or one-hundredth of a dollar; you would write
.001, or one-thousandth of a dollar, for one (1) mill. When you hear
the expression 54.5 mills, that is the same thing as the factor .0545.