An example of a mill levy would be that it represents the tax dollars for each $1,000 of the value of a property.
An example of a mill levy would be that it represents the tax dollars for each $1,000 of the value of a property.
A mill levy could be a dam created to hold water for powering a mill with a waterwheel of turbine. In Holland where windmills are used to pump water from lowlands, a levy could refer to a dike that hold back water from higher ground or within canals.
The amount of property tax is determined through the use of a mill levy.
A mill levy is a property tax rate expressed in mills, where one mill represents one-tenth of a cent or $0.001. It is used to calculate the amount of property tax owed based on the assessed value of a property. For example, a mill levy of 10 mills means that for every $1,000 of assessed property value, the owner would pay $10 in taxes. Mill levies are commonly used to fund local services such as schools, roads, and public safety.
The amount of property tax is determined through the use of a mill levy.
property tax
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WAAAAY back when, the mill was used for paying tax on purchases. It was worth 1/1000 of a dollar or 1/10 of a penny. They were plastic. The red ones were worth 1 mill and the green ones were worth 5 mills. As consumer costs and taxes (mill levy) rose, the mill was phased out and taxes rounded to the nearest cent (penny).
APEX - A man walked past the mill in the afternoon, and the mill caught fire.
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