Tag: Assessed Value

Posted on 01/22/2023
Ad valorem tax & other important tax terms to know
Ad valorem is a Latin term meaning "according to value."...
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Posted on 09/11/2022
How to determine ad valorem tax
Latin for "according to value," the term "ad valorem" is common in tax conversations. An ad valorem tax is flexible and dependent on the value of the specific asset, product or service. If you're a property owner, you're paying an ad valorem tax on your property taxes. To better understand how this term is used, here is a...
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Posted on 06/05/2022
Understanding assessed value: How does it compare?
Finding the value of your home requires knowing the assessed value, appraised value and market value of the property. While these terms all determine how much your home is worth, each is used in different ways. Here is a quick guide to assessed, appraised and market value to help: Assessed value Assessed value is based on a calculation...
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