ALLABCDEFGHIJKLMNOPQRSTUVWXYZ« Back to Glossary IndexA tax levied in proportion to the value of the thing(s) being taxed. Exclusive of exemptions, use-value assess- ment provisions, and the like, the property tax is an ad valorem tax.Related Articles:Glossary: Tax, PropertyGlossary: Uniform Standards of Professional Appraisal Practice« Back to Glossary Index
