What is the meaning of Ad Valorem Tax ("according to its value")?

Ad Valorem Tax ("according to its value") is a state or local government tax based on the value of real property as determined by the county tax assessor.

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APABarry Goldsmith. (2010). Ad Valorem Tax ("according to its value"). Retrieved September 28, 2026, from http://smartdefine.org/ad_valorem_tax_(%22according_to_its_value%22)/definitions/1147182
ChicagoBarry Goldsmith. 2010. "Ad Valorem Tax ("according to its value")" http://smartdefine.org/ad_valorem_tax_(%22according_to_its_value%22)/definitions/1147182 (accessed September 28, 2026).
HarvardBarry Goldsmith 2010, Ad Valorem Tax ("according to its value"), Smart Define, viewed 28 September, 2026, <http://smartdefine.org/ad_valorem_tax_(%22according_to_its_value%22)/definitions/1147182>.
MLABarry Goldsmith. "Ad Valorem Tax ("according to its value")" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/ad_valorem_tax_(%22according_to_its_value%22)/definitions/1147182>