Tag: Assessed Value

Posted on 01/22/2023
Ad valorem tax, millage rates & more: Key terms to know
Ad valorem is a Latin term meaning "according to value."...
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Posted on 03/13/2022
Ad valorem tax: What it is & how to calculate it
Latin for "according to value," the term "ad valorem" is common in tax conversations. An ad valorem tax is flexible and dependent on the value of the specific asset, product or service. If you're a property owner, you're paying an ad valorem tax on your property taxes. To better understand how this term is used, here is a...
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