Tag: Ad Valorem

Posted on 11/06/2022
Tax term basics: Millage rate and more
Millage rates are just one of the many specialized tax terms property owners are likely to encounter. While it's often used interchangeably to mean "tax rate," millage rates have some key differences. Here is a guide to understanding millage rates and a few other important pieces of property tax terminology: Millage rates Millage rate has nothing to do...
Ad Valorem
Levie
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Posted on 07/31/2022
How to determine ad valorem tax
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...
Ad Valorem
Appraisal Value
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