Mill
From Sunshine Review
A mill is a property tax rate per thousand dollars of assessed value. One mill is equal to $1.00 per $1,000 of assessed value. For example, if the assessed value of a residence is $150,000 and the tax rate is 8 mills, the tax due will be $1200 ($150,000 multiplied by 8, then divided by 1000). In Pennsylvania the assessed value of real property is set at the county level. Within certain legal limits, county commissioners determine how often property values are re-assessed.
- See also Tax Foundation
