This means “according to value” when translated from Latin. Ad valorem tax refers to tax that is established on the estimated value of an asset, for example, personal property or real estate. Most common for these types of taxes are property taxes levied on real estate.
Ad valorem
This means “according to value” when translated from Latin. Ad valorem tax refers to tax that is established on the estimated value of an asset, for example, personal property or real estate. Most common for these types of taxes are property taxes levied on real estate.
