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One-tenth of one cent: $0.001. A mill rate is used by many localities to compute property taxes. For example, some states levy a one-time nonrecurring tax of two mills per dollar (0.2%) on the fair market value of all notes, bonds, and other obligations for payment of money that are secured by mortgage, deed of trust, or other lien on real property in lieu of all other taxes on such property.

MILL, estates. Mills are so very different and various, that it is not easy to give a definition of the term. They are used for the purpose of grinding and pulverising grain and other matters, to extract the juices of vegetables, to make various articles of manufacture. They take their names from the uses to which they are employed, hence we have paper-mills, fulling-mills, iron-mills, oil-mills, saw-mills, &c. In another respect their kinds are various; they are either fixed to the freehold or not. Those which are a part of the freehold, are either watermills, wind-mills, steam- mills, &c.; those which are not so fixed, are hand-mills, and are merely personal property. Those which are fixed, and make a part of the freehold, are buildings with machinery calculated to obtain the object proposed in their erection.
     2. It has been held that the grant of a mill; and its appurtenances, even without the land, carries the whole right of water enjoyed by the grantor, as necessary to its use, and as a necessary incident. Cro. Jac. 121, And a devise of a mill carries the land used with it, and the right to use the water. 1 Serg. & Rawle, 169; and see 5 Serg. & Rawle, 107; 2 Caine's Ca. 87; 10 Serg. & Rawle, 63; 1 Penna. R. 402; 3 N. H. Rep. 190; 6 Greenl. R. 436; Id. 154; 7 Mass. Rep. 6; 5 Shepl. 281.
     3. A mill means not merely the building, in which the business is carried on, but includes the site, the dam, and other things annexed to the freehold, necessary for its beneficial enjoyment. 3 Mass R. 280. See Vide 6 Greenl. R. 436.
     4. Whether manufacturing machinery will pass under the grant of a mill must depend mainly on the circumstances of each case. 5 Eng. C. L. R. 168; S. C. 1 Brod. & Bing. 506. In England the law appears not to be settled. 1 Bell's Com. 754, note 4, 5th ed. In this note are given the opinions of Sir Samuel Romily and Mr. Leech, on a question whether a mortgage of a piece of land on which a mill was erected, would operate as a mortgage of the machinery. Sir Samuel was clearly of opinion that such a mortgage would bind the machinery, and Mr. Leech was of a directly opposite opinion.
     5. The American law on this subject, appears not to be entirely fixed. 1 Hill. Ab. 16; 1 Bailey's R. 540; 3 Kent, Com. 440; see Amos & Fer., on Fixt., 188, et seq.; 1 Atk. 165; 1 Ves. 348; Sugd. Vend. 30; 6 John. 5; 10 Serg. & Rawle, 63; 2 Watts & Serg. 116; 6 Greenl. 157; 20 Wend. 636; 1 H. Bl. 259, note; 17 S. & R. 415; 10 Amer. Jur. 58; 1 Misso. R. 620; 3 Mason, 464; 2 Watts & S. 390. Vide 15 Vin. Ab. 398; Dane's Ab. Index, h.t. 6 Cowen, 677.

MILL, money. An imaginary money, of which ten are equal to one cent, one hundred equal to a dime, and one thousand equal to a dollar. There is no coin of this denomination. Vide Coin; Money.

References in periodicals archive ?
The problem now is that we are milling around too close to the tape and it is one mad rush to get the start right and that carries down to the first fence.
I attended the official opening of his gym in Newbiggin Hall, in Newcastle, this week when Sky Sports News sent up a crew from outside the area, a second TV crew were making a documentary on Glenn, and the usual hacks, telly and radio guys were milling around.
Among Ferris' works on display in Palmdale is one called ``Inspection Party,'' depicting Emperor penguins he saw milling around a C-141 Starlifter cargo aircraft.
We scouted out the campus where random humans were milling around, and I was convinced we were going to get the boot.
The most apparent infrastructure lacuna is the bathroom arrangement, but since the Japanese seem to have sorted this out in their capsule hotels (surely the parent of this idea) maybe mine is a flawed vision of night-time ply doors flapping open to reveal happy campers in dressing gowns and sponge bags milling around in search of a hearty tooth clean.
Drummer Chris tells I-Spy: "We were milling around LA playing in small clubs and then someone in the UK heard No Tomorrow.
As part of Langbaurgh Police's pre-Christmas crime crackdown Operation Hammer, scores of youths milling around the centre of South Bank were dispersed at the weekend.
His deft photographic manipulation of the figures seen milling around in the majority of the thirteen works shown here only enhances this impression.
A rescuer said: "There were a lot of distressed children milling around.
Put the call out for a German car engineer, and you'd expect to find a dozen trim, balding German men in early to mid-50s milling around the casting office.
Coltart, right, said: 'There were certainly a lot of girls milling around but I'm married with two kids so that was as close as I got.
Some of you might know of the terror of trying to tee off with six or eight people milling around behind you.