Ad Valorem Tax Definition Government Quizletlibrary Detail

Webstudy with quizlet and memorize flashcards containing terms like are there federal taxes on real property?, how does federal governments tax real property?, who levies taxes. Webad valorem taxes are paid annually. The role of the assessor in the taxing process is limited to making the valuation and notifying the owner of the assessed value; Other tax officials determine the tax rate and the tax levy. Weban ad valorem tax is a type of tax based on the assessed value of an item, such as real estate or personal property.