An appraiser visits your house and judges the current market value of the property. The appraisal results in a change to your property tax. Property tax is an example of which type of tax?

Question

Quizplus · Accepted Answer

Property tax is an example of an ad valorem tax, which is based on the assessed value of a property. The appraiser's evaluation of the property helps determine the property tax amount.

An Appraiser Visits Your House and Judges the Current Market