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In Ohio, one mill of taxation equals:

Correct Answer

D) $1.00 per $1,000 of assessed value

One mill equals $1.00 per $1,000 of assessed value (or 1/10 of one cent per dollar). This is the standard definition of a mill in property taxation.

Answer Options
A
$0.10 per $1,000 of assessed value
B
$100.00 per $1,000 of assessed value
C
$10.00 per $1,000 of assessed value
D
$1.00 per $1,000 of assessed value

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Related Topics & Key Terms

Key Terms:

mill_definitionbasic_concepttaxation
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