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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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
