bond-basics

Ad Valorem Taxes

A tax based on the assessed value of an item, such as real estate or personal property. The most common Ad Valorem Taxes are property Taxes levied on real estate. The Latin phrase ad valorem means “according to value.” All Ad Valorem Taxes are based on the assessed value of the item being taxed.


See Also

Tax

Compulsory charges levied by a governmental unit for the purpose of raising revenue. 

Hudson Yards Rail Yards

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Writ of Mandamus

An order from a court to a government official ordering the government official to properly fulfill their official duties or correct an abuse of discretion.