Ad valorem tax, Taxation

It is a tax based on the assessed value of personal property or real estate. Ad valorem taxes can be property taxes or even duty that is levied on imported items. Property ad valorem taxes are the main source of revenue for municipal and state governments. 


Municipal property ad valorem taxes are also referred to as "property taxes".

Posted Date: 7/27/2012 8:09:23 AM | Location : United States







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