MILL RATE
The payable tax per dollar of assessed value of a property. The mill rate is based on mills; for every mill is one-thousandth of a currency unit. In other words, one mill is equal to one-tenth of a cent or $0.001. Property tax (in dollars) is computed by multiplying the assessed property value to the mill rate; then dividing it by 1,000. As a property may be subject to tax by various authorities, mill rates are determined by every taxing authority to meet the revenue postulations in their budgets.
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Net Sales
It refers to the gross revenues minus returns and discounts of a company. It is the amount presented in an income statement under sales revenue.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | May | |
| 10:00 | Ifo Business Climate Index | Jul | |
| 10:00 | Ifo Current Assessment | Jul | |
| 10:00 | IFO - Expectations | Jul | |
| 10:00 | Private Sector Credit | Jun | |
| 10:00 | M3 Money Supply | Jun | |
| 12:00 | CBI retail sales volume balance | Jul | |
| 14:30 | Durable Goods Orders | Jun | |
| 01:01 | BRC Shop Price Index | Jul |
