A tenth of a penny; often used in property tax assessment.

Use mill in a sentence

You should break things down all the way to the mill so that you know just exactly how much you are paying.

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One penny divided by 10 is a mill and is an important unit of measure when dealing with property tax assessment.

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I worked at the mill for so many years and it was very hard work, but it was also very rewarding because it allowed me to grow as a person.

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mill rate ad valorem