Cummings & Co. Realtors
Jennifer Mendenhall, Cummings & Co. RealtorsPhone: (443) 756-4037
Email: [email protected]

Tag: Fair Market Value

Posted on 11/27/2022
Ad valorem tax & other important tax terms to know
Ad valorem is a Latin term meaning "according to value." In tax language, ad valorem means a flexible value dependent on the specific asset. Ad valorem is just one of many important terms related to property taxes you should know. Here are a few more examples of important property tax terms: Assessed value Assessed value refers to the...
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