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That's called a "millage tax" or simply a "millage", because one thousandth is one mil .
One-thousandth of anything is that number divided by 1,000 So, one thousandth of 3,000 is 3.
Millisecond is one-thousandth of a second.
One thousandth of a kilometre is one metre.
One thousandth can be shown as 1/1000 or 0.001.