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What is the ad valorem tax?

Isabella Phillips | 2023-05-07 14:51:55 | page views：1367
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Chloe Brooks

Studied at Columbia University, Lives in New York City. Currently working as a fashion designer for a luxury brand.
An ad valorem tax is based on the assessed value of an item such as real estate or personal property. The most common ad valorem taxes are property taxes levied on real estate; however, ad valorem taxes may extend to a number of tax applications, such as import duty taxes on goods from abroad.
2023-05-17 14:51:55
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Amelia Brooks

QuesHub.com delivers expert answers and knowledge to you.
An ad valorem tax is based on the assessed value of an item such as real estate or personal property. The most common ad valorem taxes are property taxes levied on real estate; however, ad valorem taxes may extend to a number of tax applications, such as import duty taxes on goods from abroad.
Ad Valorem Tax - Investopedia
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