| Mill Rate |
 The amount of tax paid per dollar of the assessed property value.
|

This is called the mill rate because the number is expressed in mills - one mill is 1/10th of a cent ($.001).
|

To Rent or Buy? The Financial Issues - Part 1 - Thinking of buying a home? We look at the initial and ongoing costs as well as the so-called benefits. |
|
Related Terms
 |
|