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.
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ad valorem tax means:
főnév
full
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.