"Ad valorem tax" and "Non-Ad Valorem"

The following definitions shall apply in the imposition of ad valorem taxes:

"Ad valorem tax" means a tax based upon the assessed value of property. The term "property tax" may be used interchangeably with the term "ad valorem tax."

"Non-Ad Valorem"  means special assessments and service charges which are not based upon the value of the property and millage. Non-ad valorem fees can become a lien against a homestead. (Ref. S.4 art. X of the state constitution)

 

Betty Garcia 786 229 3636

http://www.17threalty.com

 
Posted by Betty Garcia on 02/10/2008 03:16 PM   Comments (0)    

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Real Estate Agent: Betty Garcia (17thRealty.com)
Betty Garcia
Doral, FL
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17thRealty.com

Office Phone: (305) 594-7140
Cell Phone: (786) 229-3636
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