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Mill rate definition

Mill rate means, unless otherwise specified, the mill rate a municipality uses to calculate tax bills for motor vehicles;
Mill rate means a tax rate expressed as mills per dollar (i.e. one mill is equal to 1/1,000 of a dollar or $1 in tax for every $1,000 of assessment);
Mill rate means the mill rate a municipality uses to calculate tax bills for motor vehicles;

Examples of Mill rate in a sentence

  • Tax Impact Distribution by Levels of Increase Mill rate of 30.25 mills – Cheshire has 9,268 residential taxpayers.

  • Omiecinski: That the 2023 Municipal Mill rate be set at a rate of 5.75 mills.

  • The 2017/18 budget reflects; - Mill rate of 2.97% and base tax of $30,700.00 - reserve of $78,392.07 for pavement There are a number of line items within the 2016/17 financial statement that need to be corrected.

  • Education Aid - revenue loss of $1,023,075; General Government Aid - revenue loss of$770,706; Mandated contribution for Teacher's Retirement - $3,508,100; Mill rate gap of 32 mills on motor vehicles - $166,546; new expenditure for mandated storm water regulation - $65,100.

  • The State also argues that whatever “touching” the jury found, it had to credit some part of the victim’s testimony to convict Frazier of sexual contact andassault, and that any version of the facts, would warrant the higher sentence that the judge enforced.

  • In order to fund the requested spending increases of the proposed budget a combination of growth in the Grand List and growth in the Mill rate will be used.

  • I think Town of Avon must to adjust some expense for 20/21 and don't increase Mill rate for this year (take example from other towns Simsbury, Middletown).

  • I think Town management need to think about people and reconsider the budget, without increase Mill rate.

  • Mill rate Increase Ten Year History – the average increase is under $200.

  • Mr. Ireland stated that last Tuesday the referendum passed and the budget passed action for the 2021/2022 and the Mill rate has been set for the Town.


More Definitions of Mill rate

Mill rate means the mill rate on real property and personal property other than motor vehicles.
Mill rate means the mill rate a municipality uses to calculate
Mill rate means, unless otherwise specified, the mill rate a
Mill rate means the mill rate on real property and personal
Mill rate means the applicable figure, expressed in parts per thousand, established pursuant to Part III;
Mill rate means the number of mills to be applied to a classification;

Related to Mill rate

  • T-Bill Rate means, for any Quarterly Floating Rate Period, the average yield expressed as a percentage per annum on three-month Government of Canada Treasury Bills, as reported by the Bank of Canada, for the most recent treasury bills auction preceding the applicable Floating Rate Calculation Date.

  • Call Rate means, if the call option has been exercised with respect to the reset rate notes, the rate of interest that is either: • if the reset rate notes did not have at least one related swap agreement in effect during the previous reset period, the floating rate applicable for the most recent reset period during which the Failed Remarketing Rate was not in effect; or • if the reset rate notes had one or more swap agreements in effect during the previous reset period, the weighted average of the floating rates of interest that were due to the related Swap Counterparties from the trust during the previous reset period. The Call Rate will continue to apply for each reset period while the holder of the call option retains the reset rate notes.

  • Bank Bill Rate ’, for an Interest Period, means the average mid rate for Bills having a tenor closest to the Interest Period as displayed on the ‘‘BBSW’’ page of the Reuters Monitor System on the first day of that Interest Period as determined by the Calculation Agent.

  • Average daily rate means the hospital’s final payment rate multiplied by the DRG weight and divided by the statewide average length of stay for a DRG.

  • ANNUAL RATE ADJUST: MONTHLY P&I : 1,887.88 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 68.35400 ---------------------------------------------------------------- 0 0031056096 MORTGAGORS: CLEVENGER RALPH CLEVENGER CATHERINE REGION CODE ADDRESS : 2751 KENSINGTON PLACE 01 CITY : CARSON CITY STATE/ZIP : NV 89703 MORTGAGE AMOUNT : 358,500.00 OPTION TO CONVERT : UNPAID BALANCE : 357,966.21 ANNUAL RATE ADJUST: MONTHLY P&I : 2,506.69 OUTSIDE CONV DATE : LIFETIME RATE : 7.50000 MATURITY DATE : 09/01/27 CURRENT INT RATE: 7.50000 PRODUCT CODE : 002 LTV : 76.27600 ---------------------------------------------------------------- - **** PAGE TOTALS ***** NUM OF LOANS: 5 LOAN AMT: 1,469,050.00 P & I AMT: 10,468.15 UPB AMT: 1,466,944.93 1 GE CAPITAL MORTGAGE SERVICES, INC. EXHIBIT C ISSUE DATE: 11/01/97 P.O. BOX 5260 TMS AG0004971130 00 01 PAGE: 231 CHERRY HILL, N.J. 08034 (800) 257-7818 0 ---------------------------------------------------------------- 0 0031056112 MORTGAGORS: CONNELLY MICHAEL CONNELLY TERRI REGION CODE ADDRESS : 5010 PASEO DE LAS TORTUGAS 01 CITY : TORRANCE STATE/ZIP : CA 90505 MORTGAGE AMOUNT : 293,300.00 OPTION TO CONVERT : UNPAID BALANCE : 292,905.07 ANNUAL RATE ADJUST: MONTHLY P&I : 2,152.14 OUTSIDE CONV DATE : LIFETIME RATE : 8.00000 MATURITY DATE : 09/01/27 CURRENT INT RATE: 8.00000 PRODUCT CODE : 002 LTV : 77.18400 ---------------------------------------------------------------- 0 0031056120 MORTGAGORS: FRENCH D. FRENCH CHARLENE REGION CODE ADDRESS : 3117 CALLE NOGUERA 01 CITY : SANTA BARBARA STATE/ZIP : CA 93105 MORTGAGE AMOUNT : 251,000.00 OPTION TO CONVERT : UNPAID BALANCE : 250,518.73 ANNUAL RATE ADJUST: MONTHLY P&I : 1,798.20 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 78.43700 ---------------------------------------------------------------- 0 0031056146 MORTGAGORS: KOCH DAVID KOCH CYNTHIA REGION CODE ADDRESS : 4818 DALEWOOD DRIVE 01 CITY : EL DORADO HILLS STATE/ZIP : CA 95762 MORTGAGE AMOUNT : 269,000.00 OPTION TO CONVERT : UNPAID BALANCE : 268,655.76 ANNUAL RATE ADJUST: MONTHLY P&I : 2,020.91 OUTSIDE CONV DATE : LIFETIME RATE : 8.25000 MATURITY DATE : 09/01/27 CURRENT INT RATE: 8.25000 PRODUCT CODE : 002 LTV : 94.99900 ---------------------------------------------------------------- 0 0031056161 MORTGAGORS: KILPATRICK ROBERT MANGAN MICHELE REGION CODE ADDRESS : 4647 MONTIEL TRUCK TRAIL 01 CITY : JAMUL STATE/ZIP : CA 91935 MORTGAGE AMOUNT : 249,200.00 OPTION TO CONVERT : UNPAID BALANCE : 248,832.31 ANNUAL RATE ADJUST: MONTHLY P&I : 1,785.30 OUTSIDE CONV DATE : LIFETIME RATE : 7.75000 MATURITY DATE : 09/01/27 CURRENT INT RATE: 7.75000 PRODUCT CODE : 002 LTV : 80.00000 ---------------------------------------------------------------- 0 0031056294 MORTGAGORS: CARTER KAREN

  • U.S. Base Rate means, on any day, the annual rate of interest equal to the greater of (a) the annual rate of interest announced by a commercial Canadian bank selected by the Lender and in effect as its base rate at its principal office in Toronto, Ontario on such day for determining interest rates on Dollar demand commercial loans in Canada, and (b) the sum of the Federal Funds (Effective) Rate plus 0.50% per annum.

  • Repo Rate on any day means the highest interest rate available to a Lender from investment in overnight repurchase agreements.

  • Reference Rate means the rate specified as such hereon.

  • U.S. Treasury Bill Rate on any date means (i) the Interest Equivalent of the rate on the actively traded Treasury Bill with a maturity most nearly comparable to the length of the related Dividend Period, as such rate is made available on a discount basis or otherwise by the Federal Reserve Bank of New York in its Composite 3:30 P.M. Quotations for U.S. Government Securities report for such Business Day, or (ii) if such yield as so calculated is not available, the Alternate Treasury Bill Rate on such date. "Alternate Treasury Bill Rate" on any date means the Interest Equivalent of the yield as calculated by reference to the arithmetic average of the bid price quotations of the actively traded Treasury Bill with a maturity most nearly comparable to the length of the related Dividend Period, as determined by bid price quotations as of any time on the Business Day immediately preceding such date, obtained from at least three recognized primary U.S. Government securities dealers selected by the Auction Agent.

  • Yield Rate means, (i) with respect to any Eligible Treasury Security on deposit at any time in either of the Paired Holding Trusts, the stated interest rate of such Eligible Treasury, if any, or any discount rate applicable to such Eligible Treasury, based on the purchase date and purchase price at which the applicable Paired Holding Trust acquired that Eligible Treasury, and (ii) with respect to any Eligible Treasury Repurchase Agreement, the difference between the repurchase price and the purchase price paid under such agreement, with such difference expressed as a percentage of such purchase price.

  • Reset Reference Rate means, in relation to a Reset Determination Date and subject to Condition 5(b)(iii) and Condition 5(c)(v), if applicable:

  • Compounded Daily Reference Rate means, with respect to an Interest Period, the rate of return of a daily compound interest investment in the Specified Currency (with the applicable Reference Rate (as indicated in the relevant Final Terms and further provided for below) as the reference rate for the calculation of interest) and will be calculated by the Calculation Agent on the Interest Determination Date, as follows, and the resulting percentage will be rounded, if necessary, to the fifth decimal place, with 0.000005 being rounded upwards:

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • Applicable Revolver Index Margin means the per annum interest rate margin from time to time in effect and payable in addition to the Index Rate applicable to the Revolving Loan, as determined by reference to Section 1.5(a).

  • Treasury Index Rate means the average yield to maturity for actively traded marketable U.S. Treasury fixed interest rate securities having the same number of 30-day periods to maturity as the length of the applicable Dividend Period, determined, to the extent necessary, by linear interpolation based upon the yield for such securities having the next shorter and next longer number of 30-day periods to maturity treating all Dividend Periods with a length greater than the longest maturity for such securities as having a length equal to such longest maturity, in all cases based upon data set forth in the most recent weekly statistical release published by the Board of Governors of the Federal Reserve System (currently in H.15 (519)); provided, however, if the most recent such statistical release shall not have been published during the 15 days preceding the date of computation, the foregoing computations shall be based upon the average of comparable data as quoted to the Trust by at least three recognized dealers in U.S. government securities selected by the Trust.

  • Adjusted Treasury Rate means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date.

  • CMS Rate means the applicable swap rate for swap transactions in the Reference Currency with a maturity of the Designated Maturity, expressed as a percentage, which appears on the Relevant Screen Page as at the Specified Time on the relevant Interest Determination Date in question, all as determined by the Calculation Agent.

  • Average Rate means the simple arithmetic mean of the bank rates in effect at 4:00 p.m. Eastern Standard Time each day during the calendar month which immediately precedes the calendar month in which payment is made, where the "bank rate" means the rate of interest established from time to time by the Bank of Canada as the minimum rate at which the Bank of Canada makes short term advances to members of the Canadian Payments Association;

  • SOFR Rate means the rate that will be calculated by the Calculation Agent for each Accrual Period on the SOFR Adjustment Date as of the SOFR Determination Time (or, if the Benchmark is not SOFR, the Reference Time) and, except as provided below following a determination by the Administrator that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, shall mean, with respect to the Class A-2b Notes as of any SOFR Adjustment Date, a rate equal to Compounded SOFR; provided, that, the Administrator will have the right, in its sole discretion, to make applicable SOFR Adjustment Conforming Changes.

  • Index Rate means, for any day, a floating rate equal to the higher of (i) the rate publicly quoted from time to time by The Wall Street Journal as the "base rate on corporate loans posted by at least 75% of the nation's 30 largest banks" (or, if The Wall Street Journal ceases quoting a base rate of the type described, the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519) entitled "Selected Interest Rates" as the Bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate plus 50 basis points per annum. Each change in any interest rate provided for in the Agreement based upon the Index Rate shall take effect at the time of such change in the Index Rate.

  • Blended Rate means, with respect to any Taxable Year, the sum of the effective rates of tax imposed on the aggregate net income of the Corporate Taxpayer in each state or local jurisdiction in which the Corporate Taxpayer files Tax Returns for such Taxable Year, with the maximum effective rate in any state or local jurisdiction being equal to the product of: (i) the apportionment factor on the income or franchise Tax Return filed by the Corporate Taxpayer in such jurisdiction for such Taxable Year, and (ii) the maximum applicable corporate tax rate in effect in such jurisdiction in such Taxable Year. As an illustration of the calculation of Blended Rate for a Taxable Year, if the Corporate Taxpayer solely files Tax Returns in State 1 and State 2 in a Taxable Year, the maximum applicable corporate tax rates in effect in such states in such Taxable Year are 6% and 5%, respectively and the apportionment factors for such states in such Taxable Year are 60% and 40%, respectively, then the Blended Rate for such Taxable Year is equal to 5.6% (i.e., 6% times 60% plus 5% times 40%).

  • Treasury Rate means, with respect to any redemption date, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Loan Assets included in the Aggregate Adjusted Borrowing Value, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Loan Asset by (ii) such Eligible Loan Asset's contribution to the Aggregate Adjusted Borrowing Value and dividing (b) such sum by the Aggregate Adjusted Borrowing Value.

  • Applicable Reference Rate means, for any Eurocurrency Rate Loan denominated in any LIBOR Quoted Currency, LIBOR and for any Eurocurrency Rate Loan denominated in Euro that are made to Designated Borrowers that are Foreign Subsidiaries), EURIBOR, as applicable.

  • Applicable Treasury Rate means the weekly average for each Business Day during the most recent week that has ended at least two Business Days prior to the Change of Control Redemption Date or the date of the Liquidation Event, as applicable, of the yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published in the Federal Reserve Statistical Release H.15 (or, if such statistical release is not so published or available, any publicly available source of similar market data selected by the Company in good faith)) most nearly equal to the period from the Change of Control Redemption Date or the date of the Liquidation Event, as applicable, to the First Call Date; provided, however, that if the period from the Change of Control Redemption Date or the date of the Liquidation Event, as applicable, to the First Call Date is not equal to the constant maturity of a United States Treasury security for which a yield is given, the Applicable Treasury Rate shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the yields of United States Treasury securities for which such yields are given, except that if the period from the redemption date to such applicable date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used.

  • Final rate means an indirect cost rate applicable to a specified past period which is based on the actual allowable costs of the period. A final audited rate is not subject to adjustment.