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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 ?
It is a location where three forms of power are on show - the water mill, the Heatherslaw steam railway and the Milfield Heavy Horse Association at nearby Hay Farm.
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There are few 200-plus year-old structures left in Mississippi, and as the oldest continuously-operating water mill in the nation, it is well worth a trip to the backroads of Kemper County to view this historical Mississippi gem.
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Teeton barely qualifies as a hamlet, not having a pub let alone a betting shop, but the converted old water mill, although now redundant, is a local landmark and it sprang to Dick Saunders' mind when faced with two young horses to name.
But during the dark ages, when government was weak, all the great inventions that set the stage for the industrial revolution occurred: the saddle, the stirrup, the horseshoe, the horse collar, the tandem harness (the chariot race in Ben Hur would in reality have been a much tamer affair), the water mill, the crank, and several others.
Roger Haywood's over-the-top lifestyle combines two offices in England with home in a converted 17th century water mill and a collection of 10 antique exotic automobiles.
a leading mergers and acquisitions firm, is pleased to announce the acquisition of Water Mill Lumber by Trade Supply Group, Inc.
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The agents, managers and staff at the Hamptons offices of The Corcoran Group celebrated the holidays and the end of a successful year at the Parrish Art Museum in Water Mill.
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The new trees, a combination of native broad leaf, small leaf and fruit bearing specimens, will create a link between two established woodlands near Path Head Water Mill.