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.

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

Hudson Yards Rail Yards

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Securities Act of 1933

Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.