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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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AposSignificant Lossapos If Ad Valorem Taxes Are Not Renewed TimesJournal
39Significant loss39 if ad valorem taxes are not renewed Times Journal According to DeKalb County Superintendent Jason Barnett, in DeKalb County these taxes received by the school systems add up to 1.55 million for the 4 mills of Co Regular Ad Valorem taxes, 1. 06 million for the 3 mills of District Regular Ad Valorem and more raquo

School Districtaposs Ad Valorem Tax Revenue Down Natchez Democrat
School district39s ad valorem tax revenue down Natchez Democrat NATCHEZ Ad valorem tax income for the Natchez Adams School District is creeping back toward normal, though the school system is still down approximately 130,000 from last year. The ad valorem revenue in January 2018 took a steep dive to 1,069,050 and more raquo

AposSignificant Lossapos If Ad Valorem Taxes Are Not Renewed Timesjournal ...
39Significant loss39 if ad valorem taxes are not renewed times journal Times Journal This summer, DeKalb County will vote on the renewal of the ad valorem property taxes for school funding.

With MPS Near The Bottom In Millage Rate, More Begin Asking To Raise Montgo...
Montgomery Advertiser With MPS near the bottom in millage rate, more begin asking to raise Montgomery Advertiser MPS receives 10 mills, the lowest amount legally possible. and more raquo

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Facts of Law about the ad valorem tax

Facts of Law - Ad Valorem Tax