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ad valorem tax |
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ad valorem tax [¦ad və¦lȯr·əm ′taks]
(petroleum engineering) Property tax for oil-producing properties, assessed at a flat rate for each net barrel of oil produced. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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No references found | 1949), when it held bonds payable solely from a special fund, into which operating revenues and ad valorem taxes were deposited, did not violate the referendum requirement because the bondholders could not compel ad valorem taxation. Introduction Excise taxes take two basic forms: unit taxes based on quantity sold and ad valorem taxes based on sales value. The tax increment financing concept may be summarized as follows: (1) the TIF district undertakes the project; (2) the project increases the assessed value of the taxable real property within the TIF district; (3) the increase in the taxable real property value results in an increase in the amount of ad valorem taxes collected within the TIF district; and (4) a portion of this increase in ad valorem taxes, or "tax increment," is pledged to finance the project. |
Ad Valorem Taxes |
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