What Does Mill Rate Mean?

The mill rate is the amount of property tax that is levied for each $1,000 of assessed value. The mill rate is calculated by dividing the total amount of taxes to be levied by the total assessed value of all property in the municipality. For example, if the total amount of taxes to be levied … Read more

Takeover Bid.

A takeover bid is an offer made by one company to acquire another company. The offer is usually made in cash, but it can also be made in the form of stock or other securities. The offer is usually made public, but it can also be made privately. If the offer is accepted by the … Read more