Nolo's Plain-English Law Dictionary

Legal Dictionary Home

Need Professional Help? Talk to a Lawyer

Enter Your Zip Code to Connect with a Lawyer Serving Your Area

searchbox small
Ad Valorem Tax
A tax that is calculated according to value of property, based on an assigned valuation of a piece of real estate or personal property. Local property tax and sales tax are common examples. An ad valorem tax may be imposed annually or when an asset is sold, inherited, or transferred. (See also: millage)
LA-NOLO4:DRU.1.6.4.20141222.29342