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What is an example of an ad valorem tax?

Ava Rodriguez | 2023-05-07 14:52:09 | page views：1387
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Isabella Young

Studied at the University of Amsterdam, Lives in Amsterdam, Netherlands.
An ad valorem tax is based on the assessed value of an item such as real estate or personal property. ... The Latin phrase, ad valorem, means "according to value." In short, all ad valorem taxes are levied based on the determined value of the item being taxed.
2023-05-11 14:52:09
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Amelia Lewis

QuesHub.com delivers expert answers and knowledge to you.
An ad valorem tax is based on the assessed value of an item such as real estate or personal property. ... The Latin phrase, ad valorem, means "according to value." In short, all ad valorem taxes are levied based on the determined value of the item being taxed.
Ad Valorem Tax - Investopedia
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