Ad valorem property taxes depend on two factors:
the assessed valuation of the property being taxed and the tax rate.

Name: Ad valorem property taxes depend on two factors: the assessed valuation of the property being taxed and the tax rate.
Brand: Quizplus
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Question

Ad valorem property taxes depend on two factors:
 the assessed valuation of the property being taxed and the tax rate.

Quizplus · Accepted Answer

Ad valorem property taxes are calculated based on the assessed value of the property being taxed and the tax rate applied to that value. This means that the tax amount will depend on the value of the property and the rate at which it is being taxed.

Ad Valorem Property Taxes Depend on Two Factors