Ad valorem tax

An ad-valorem tax is a tax based on the assessed value of real estate or personal property.

Ad-valorem taxes can be property tax or even duty on imported items. Property ad-valorem taxes are the major source of revenues for state and municipal governments.

An ad-valorem tax is typically imposed at the time of a transaction (a sales tax or value-added tax (VAT)) but it may be imposed on an annual basis (property tax) or in connection with another significant event (inheritance tax or tariffs). The alternative to ad-valorem taxation is a fixed-rate tax, where the tax base is the quantity of something, regardless of its price: for example, in the United Kingdom, a tax is collected on the sale of alcoholic drinks that is calculated on the quantity of alcohol contained rather than the price of the drink.

Ad-valorem taxes are important to customs brokers importing goods into the United States of America.

Ad-valorem can also be assesed on other property, such as cars for example, as is the case in the state of Georgia.

Ad valorem is Latin for "According to value".

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

About Bob Marcy & Mountain Living Now
If you are looking for a lakefront cabin or a secluded mountain home in North Georgia , then you will need a partner to help you every step of the way. Bob Marcy is an experienced North Georgia realtor that has the local knowledge you need and the passion to find your perfect slice of North Georgia real estate. Bob knows you have many North Georgia realtors to choose from and he is committed to providing a level of customer service that sets him apart from the crowd. He can help you find North Georgia lakefront cabins, North Georgia land for sale, North Georgia mountain homes, Blue Ridge real estate, North Georgia river homes, North Georgia lake homes and Blue Ridge cabins.

Bob loves living in Blue Ridge and selling real estate all across North Georgia, Eastern Tennessee and Western North Carolina . He has developed this custom website to help consumers explore all that this area has to offer. You can search the entire North Georgia MLS including all North Georgia properties and land for sale, even properties listed by other North Georgia realtors. You can perform custom North Georgia real estate searches or take advantage of the time saving 1 click searches he has built into the site such as North Georgia cabins under $300,000, North Georgia lakefront cabins & homes, North Georgia river homes, North Georgia land for sale under 1 acre, North Georgia mountain homes under $300,000 with views and all Blue Ridge homes under $300,000.

If you see something you like or if you have a question about a property or maybe just where the best place to eat is, give Bob a call at 706-258-7375 or shoot him an email at bob@mountainlivingnow.com .