Tag: Millage Rate

Posted on 09/21/2022

Ad valorem tax, millage rates & more: Key terms to know

Ad valorem is a Latin term meaning "according to value." In tax language, ad valorem means a flexible value dependent on the specific asset. Ad valorem is just one of many important terms related to property taxes you should know. Here are a few more examples of important property tax terms: Assessed value Assessed value refers to the...

Ad Valorem

Assessed Value

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