AVM Glossary
Ad Valorem Tax
A tax levied in proportion to the value of the thing(s) being taxed. Exclusive of exemptions, use-value assess- ment provisions, and the like, the property tax is an ad valorem tax.
AVM Glossary
A tax levied in proportion to the value of the thing(s) being taxed. Exclusive of exemptions, use-value assess- ment provisions, and the like, the property tax is an ad valorem tax.