Ad Valorem Tax


Definition of "Ad valorem tax"

Tax levied in proportion to the value of property. The most common is that levied by localities on real property; however, it can also be levied on personal property, such as an automobile.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Inventory Checklist

List of records kept of what is owned by an individual such as the deed to a house and the title to ...

Renewal Certificate

Form showing notification that an insurance policy has been renewed with the same provisions, clause ...

Confidence Level

Percentage of confidence in a finding. For example, if an insurance company's total loss reserves sh ...

Wrongful Termination Claim

Under a general liability policy, a claim by an employer arising when an employee terminated by a su ...

Population Increments

Additions of new entrants into an employee benefit insurance plan. ...

Reinsurance Clause

Provision that covers a business to be protected under a reinsurance treaty. The class either can ap ...

Related Real Estate FAQ

Why Should I Use A Real Estate Agent?

A real estate agent is more than just a \"sales person.\" They act on your behalf as your agent, pr ...

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

What Is A Seller Takeback?

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Is A Title?

A title is the right of property ownership. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Why Right Now is a Good Time for Millennials to Buy a Home 10 Tips for Homebuyers How To Sell Your Home 3 tips to ensure your sale goes through What is Hazard Insurance?

FAQ

What is a buyer's agent? What is a Buildable acre? What is an easement? What do I need to know about Universal Life Insurance? Do you have any tips to help me manage my investing?