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What is the meaning of ad valorem property taxes?

April 26, 2017AD property taxes valorem

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What is the meaning of ad valorem property taxes?

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Ad Valorem is Latin for “according to value,” and is thought to be a fair basis for collecting taxes because the tax is proportional to your ability to pay and the benefits you gain from the services the county provides. It is a local tax that reflects local budget priorities.

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Top Ad Valorem is Latin for “according to value,” and is thought to be a fair basis for collecting taxes because the tax is proportional to your ability to pay and the benefits you gain from the services the county provides. It is a local tax that reflects local budget priorities.