Ad Valorem Taxes
A tax based on the assessed value of an item, such as real estate or personal property.
Bonds are special obligations secured by incremental increases in Tax revenues paid by users of developed property or by general increases in taxable values within a designated tax increment area. The Taxes involved are usually Ad Valorem Property Tax, although some states may permit the use of sales taxes or hotel occupancy taxes. State laws specify the mechanism and process for the implementation of Tax Increment Financing.
Learn more about the various types of municipal obligations you may encounter.
A tax based on the assessed value of an item, such as real estate or personal property.

An investor satisfying the definition promulgated by the SEC in Rule 501 of Regulation D under the 1933 Act.