What is the mill?

Mill Levy is a tax type imposed on real estate. In the United States, this is commonly called real estate tax - the term "mill" is generally used in a discussion of increasing these taxes. The value of the property is directly related to the taxes paid and more valuable properties have higher taxes. The mill is 1/1000 (or 0.1%) of the property value. Because the value is expressed as a percentage rather than a fixed number, the actual value of the mill is very variable.

In the US, the mill begins to deny the property by assessing property. A specially trained appraiser called the real estate evaluator goes to assets and determines its value on the basis of several factors. Given that many of these factors are very subjective to the evaluator's opinion, it is often possible to have a piece of assets re -evaluated if the owner feels that the original evaluation is unfair.Budovy on the land. These two factors are the basis of what becomes a mill. In some states or in some very special cases, the value of personal property on the ground is included asThe third factor, but it is much less common than it was in the past.

The soil value is generally determined by the value of the graphs around it. When one land owner sells land, the value of the surrounding ground land will often rise or down in relation to its sale. As one owner improves the soil increases value; If another owner let his country fall into disruption, it will reduce the ambient value. Other considerations, such as position, access to tools and contained natural resources, also affect the final value of the soil.

The value of the property is based on the cost of receiving, maintaining and finally replacing existing structures on real estate. This part of the evaluation is also strongly influenced by the environment that maintains the structures. When the structures look at less attractive monuments, such as a cemetery or factory, the value decreases. When they look at nicer buildings or a clear lake, the value rises. Both aspects evaluateThere are several areas where individual tastes can affect the final judgment.

One feature has a value evaluated, it is possible to determine the tax of real estate or mill. If the property was worth $ 100,000 in the US (USD), then one mill would be $ 100. If this area had 15-mil on real estate, the final tax is $ 1,500.