Tag: valorem tax - Vellabox

Webstudy with quizlet and memorize flashcards containing terms like are there federal taxes on real property?, how does federal governments tax real property?, who levies taxes.

Ad valorem is a type of tax or duty that is levied based on the value of the goods or services being taxed, rather than on the quantity or other factors.

Webstudy with quizlet and memorize flashcards containing terms like are there federal taxes on real property?, how does federal governments tax real property?, who levies taxes on.

Weban ad valorem tax is a type of tax based on the assessed value of an item, typically real estate or personal property.