What is MILL RATE?

Equates to one dollar of assessed property value. Property values that is paid per dollar of the assessed value of that property . A tax figure used in assessing real estate.

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Related Legal Terms

ASTRICTION TO A MILL, MILL, MILL I, MINI MILL, MILL SCALE, MILL CONSTRUCTION, MILLEATE, or MILL-LEAT, NOMINAL RATE OF INTEREST, ADJUSTABLE RATE MORTGAGE (ARM), CAP RATE


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