Definitions of ad valorem tax
a tax based on the value of land, buildings, or personal property
Rents agreed upon by the parties hereto are based upon an ad valorem tax burden of $22,887.09.
ad valorem tax
noun
noun
a tax based on the value of land, buildings, or personal property
Rents agreed upon by the parties hereto are based upon an ad valorem tax burden of $22,887.09.