☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Ad Valorem Tax

A tax based on value — the most common property tax. The assessed value multiplied by the tax rate equals the tax due. Fair because proportional to wealth.

Category: Tax Law · Source: Black's Law Dictionary
0 terms published 0 awaiting endorsement
Propose a New Term

Submit a term for the community. Two endorsements from other members will publish it.

Per page: