In Florida, 1 mill equals which of the following?

• A. One cent per dollar value
• B. Ten dollars per thousand
• C. One dollar per hundred dollars
• D. One dollar per thousand dollars of property value

Answer: (D)

A mill is a tax rate equal to one dollar of tax for every one thousand dollars of assessed property value. So, 1 mill means $1 per $1,000 of value. That’s why the correct statement is one dollar per thousand dollars of property value. In practice, property tax is calculated as (assessed value / 1,000) times the mill rate. The other options describe different per-dollar amounts (like one cent per dollar or ten dollars per thousand), which do not match the mill unit.