mill
A fee levied on property at one thousandth of a dollar is usually property taxes. Different types of property taxes are assessed on realty depending on the location of the property.
Mill
That's called a "millage tax" or simply a "millage", because one thousandth is one mil .
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Mill
mill
A fee levied on property at one thousandth of a dollar is usually property taxes. Different types of property taxes are assessed on realty depending on the location of the property.
Mill
Same difference!
Property tax in the US is calculated in mils, which is 1/1000 of a dollar (1/10 of a cent.)
That's called a "millage tax" or simply a "millage", because one thousandth is one mil .
Property tax is defined by the Tax Foundation as the tax that is imposed on immovable property like land and buildings, as well as on movable property, like vehicles and equipment.
Yes residential property can be levied to pay back a debt. It is common for a bank to put a levy on a property.
real
It is a tax levied on ownership of property by the government. It provides income to the government.
A tax.