TERMIUM Plus®

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MILL RATE [1 record]

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Alphabetical list of terms

Record 1 1990-01-22

English

Subject field(s)
  • Finance
  • Taxation
CONT

Mill: one-tenth of one cent. [Municipalities] use a mill rate to compute property taxes. For example, if the mill rate is 52 and the property is assessed at $40,000 the tax would be 0.052 x $40,000 or $2,080. This tax can also be quoted or computed as $52 per $1,000.

French

Domaine(s)
  • Finances
  • Fiscalité

Spanish

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