Mill Rate is one-tenth of a cent. Some states use a mill rate to determine real estate taxes. A rate of 29 mills would be a tax of $0.029 for each dollar of assessed value.
MILL RATE
Mill Rate is one-tenth of a cent. Some states use a mill rate to determine real estate taxes. A rate of 29 mills would be a tax of $0.029 for each dollar of assessed value.
