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what is a city ad valorem tax?

it says something about $1.25 per $100 valuation

2007-08-30 20:07:20 · 1 answers · asked by ERICA M 1 in Business & Finance ➔ Taxes ➔ United States

1 answers

Real estate taxes. "Ad valorem" means based upon the value of the property. That's how property taxes are typically determined in the US.

2007-08-30 23:16:39 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋

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