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Ad Valorem Tax

Ad valorem means "according to value" in Latin.  An ad valorem tax is a tax based upon the assessed value of personal property or real property.  The tax is often a sales tax or value added tax or VAT that is usually imposed at the time of purchase.  Ad valorem taxes are usually imposed by States or local municipalities.

Property taxes are one form of ad valorem tax that can be imposed annually based on a revised assessed value of the property.  They are a major source of revenue for local municipalities and school systems.

 

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Judge Approves Dallas County Schoolsapos Payment Plan NBC 5 DallasFort Worth
NBC 5 Dallas Fort Worth Judge Approves Dallas County Schools39 Payment Plan NBC 5 Dallas Fort Worth Voters in November elected to begin shutting down DCS, which is scheduled to be finalized in July, after it was plagued by corruption, losing millions of tax dollars and triggering an ongoing FBI investigation which has resulted in two guilty pleas.

Tax Rate Static In 20182019 County Budget Proposal Sanford Herald
Tax rate static in 2018 2019 county budget proposal Sanford Herald The total recommended budget was 75,094,325, an increase of 3,897,017. The county has seen increases in the overall tax base, property tax revenue and sales tax revenue. But the tax rate remained the same to help pay for new county borrowing for the and more raquo

Flood Tax Language Approved By County Commission For November Ballot ThisisReno
ThisisReno Flood Tax Language Approved by County Commission for November Ballot ThisisReno If this question is approved by the voters, any property tax as authorized by this question will be outside of the caps on the taxpayer39s liability for property ad valorem taxes established by the legislature in the 2005 session and exempt from and more raquo

Washoe County BOCC Approves Ballot Question That Would Increase Property Tax ...
KTVN Washoe County BOCC Approves Ballot Question That Would Increase Property Tax KTVN If this question is approved by the voters, any property tax as authorized by this question will be outside of the caps on the taxpayer39s liability for property ad valorem taxes established by the legislature in the 2005 session and exempt from

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Facts of Law about the ad valorem tax

Facts of Law - Ad Valorem Tax