Some quick Q&A

Sidebar by Ed Quillen

Salida Scholl Mill Levy Election – November 2001 – Colorado Central Magazine

What’s a mill?

In this context, a mill is the smallest unit of currency in the United States — a unit so small that it has no coin. It’s 1/10 of a cent or 1/1000 of a dollar; think of it as a “millidollar” in the way that a “millimeter” is 1/1000 of a meter, and you’ve got it.

In property tax matters, a tax of one mill per dollar of taxable value is the same as a tax of $1 for every $1,000 of taxable value.

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