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Topic: Ad valorem

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In the News (Fri 24 May 19)

  Ad Valorem Tax   (Site not responding. Last check: 2007-10-08)
Ad valorem tax is a property tax based on the market value of property in Alabama on October 1.
An ad valorem tax lien attaches to a vehicle when it is first brought into the state by a new resident, or when it is originally sold by a new vehicle dealer.
Ad valorem taxes are a product of the assessed value of the vehicle and the ad valorem tax rate in the location where you live or do business.
www.co.limestone.al.us /veh_reg/reg_adtax.htm   (761 words)

 [No title]
3 Ad Valorem Tax The tax collector shall make quarterly statements of the delinquents who have paid their taxes, the amount paid, and the year for which they are paid, and such statements shall be sworn to by the tax collector and sent to the auditor.
No ad valorem taxes shall be due or collected on such property until such time as the collector certifies that a sufficient amount of taxes assessed have been waived to satisfy the refund or repayment ordered by the tax commission.
Notwithstanding any other provisions of law to the contrary, when property becomes exempt from ad valorem taxation due to an act of donation, the pro rata share of ad valorem taxes for the year in which the act of donation is made shall be due and payable by the donor.
www.laota.com /LATA2004ADTAX3.doc   (8146 words)

In 1996 the Attorney General ruled that ad valorem special assessment levies must be applied against State Equalized Value (SEV) instead of taxable value as defined by the Proposal A of 1994 Constitutional amendment.
A separate 2000 Attorney General ruling required all property to be subject to ad valorem special assessments, even that exempt from property taxation.
In Public Act 501 of 2002, the legislature responded by exempting from ad valorem special assessments property that is exempt from property taxes.
www.crcmich.org /TaxOutline/Property/avsa.html   (384 words)

 Collections Manual, Ch 2, Sec 2.18 - Ad Valorem Tax Suits
Ad valorem tax is a tax levied on property in proportion to its value, as determined by assessment or appraisal.
The most common ad valorem tax is that imposed by counties and cities on real estate.
Ad valorem tax lawsuits result when the property owner fails to pay his property taxes to the city, county, and/or school district.
www.twc.state.tx.us /ui/tax/manuals/collect/col_ch2_18.html   (1034 words)

 OTC Ad Valorem Mapping
The Ad Valorem Division and other state agencies have contracted with Geo Information Systems of the University of Oklahoma for the creation and maintenance of the school district and municipal boundaries.
Since June 5, 2000, municipalities have been required by Title 11, Section 21-112 of the Oklahoma Statutes to file all annexations and de-annexations with the Ad Valorem Division of the Oklahoma Tax Commission as well as with the office of the respective county clerk.
The municipal boundaries created and maintained from this input is used by the Oklahoma Tax Commission for the assignment and distribution of local and state taxes, use taxes, and public service taxes and by the Oklahoma State Election Board for the protection of the integrity of municipal elections.
www.tax.ok.gov /adv6.html   (299 words)

 AD Valorem Taxes
Ad Valorem taxes on real property are collected by the Tax Collector's office on an annual basis beginning November 1st for the year January through December.
Non-Ad Valorem assessments are assessed by the Alachua County Board of County Commissioners(BCC).
Tangible personal property tax is an ad valorem tax assessed against the furniture, fixtures, and equipment located in businesses and rental property.
www.actcfl.org /property.htm   (1171 words)

 Ad Valorem Taxes : Highlands County Tax Collector   (Site not responding. Last check: 2007-10-08)
AD VALOREM taxes based on value of real property are collected on an annual basis beginning on November 1st for the tax year January through December.
Non ad valorem assessments are levied on a unit basis, rather than based on value.
The Tax Collector merges the non ad valorem assessments into the certified tax roll and mails the tax notice/receipt to the owner's last record of address, as it appears on the tax roll.
www.collector.co.highlands.fl.us /taxes/index.shtml   (689 words)

 Ad Valorem Information
The Ad Valorem Division functions in keeping with the parameters of the property tax system in the State of Oklahoma.
"Ad valorem" is a Latin term meaning "as to value".
Many questions regarding your local Ad Valorem issues are handled at the county level.
www.oktax.state.ok.us /oktax/advalhm.html   (226 words)

 GT Alert 4/96: Ad Valorem Tax Assessments Legislation Could Mean Substantial Tax Increase for Developers   (Site not responding. Last check: 2007-10-08)
Specifically, while Florida Statute ยค 192.042 provides for the ad valorem taxation of property according to its just value on January 1st of each year, improvements, construction work, and other portions not substantially completed on January 1st are not assessed.
The primary focus is on whether it is constitutional to exclude tangible personal property in any proposal to require partial year assessments of property for ad valorem taxation.
Article VII, Section 2 of the Florida Constitution states that: "All ad valorem taxation shall be at a uniform rate within each taxing unit, except the taxes on intangible personal property may be at different rates.
www.gtlaw.com /pub/alerts/1996/alert_4_26_96.html   (1168 words)

 The Final Report of the Florida TaxWatch Ad Valorem Tax Task Force
The ad valorem tax is levied based on the value of real and tangible personal property as of January 1 of each year.
The rolled-back rate is defined as that millage rate which provides the same ad valorem tax revenue for each taxing authority as was levied during the previous year.
A review of the calendars for both ad valorem and non-ad valorem assessments is needed to ensure that non-ad valorem assessment can fit into the TRIM process and that the time-lines set in law long ago are still appropriate today.
www.floridataxwatch.org /research/researchreports/adval.html   (3933 words)

 Nancy Denson - Ad Valorem Tax
Ad valorem tax, more commonly known as property tax, is a large source of revenue for local governments in Georgia.
The basis for ad valorem taxation is the fair market value of the property which is established as of January 1 of each year.
The Board of County Commissioners, an elected body, establishes the budget for county government operations each year, and then they levy the mill rate necessary to fund the portion of the budget to be paid for by ad valorem tax.
www.athensclarkecounty.com /~tc/adval.htm   (400 words)

 Ad Valorem Taxes : George Albright - Marion County Tax Collector
Ad valorem taxes are based on the value of the property times the millage rate.
Taxing authorities are responsible for setting ad valorem millage rates each year.
To determine the ad valorem tax, multiply the taxable value by the millage rate and divide by 1,000.
www.tc.co.marion.fl.us /propertytaxes.asp?page=PTAdValorem   (516 words)

 [No title]
To promote the preservation of property of historical significance, the Legislature may define such property and shall provide that when it is enforceably restricted, in a manner specified by the Legislature, it shall be valued for property tax purposes only on a basis that is consistent with its restrictions and uses.
The Legislature may provide by law for the manner in which a person of low or moderate income who is 62 years of age or older may postpone ad valorem property taxes on the dwelling owned and occupied by him or her as his or her principal place of residence.
The Legislature may also provide by law for the manner in which a disabled person may postpone payment of ad valorem property taxes on the dwelling owned and occupied by him or her as his or her principal place of residence.
www.leginfo.ca.gov /.const/.article_13   (4100 words)

 Ad Valorem Tax
Property ad valorem taxes are the major source of revenues for state and municipal governments.
The phrase ad valorem is Latin for "according to value".
Ad valorem taxes such as this are incurred through ownership of an asset, and contrast to transactional taxes such as sales taxes, which are incurred only at the time of transaction.
www.investopedia.com /terms/a/advaloremtax.asp   (280 words)

 Kansas Ad Valorem Tax Refund Update
In 1996, the D.C. Circuit court agreed with the commission that the ad valorem tax could not be passed on to consumers, and directed FERC to order producers to refund customers for ad valorem tax collected from 1983 to 1988.
Sheila Lumpe, Chair of the Missouri Public Service Commission, testified in opposition to H.R. She stated that natural gas customers in 23 states are entitled to the refund of the Kansas ad valorem tax, based on the decisions of FERC and the final decision of the United States Court of Appeals for the D.C. Circuit.
Moran added that the state of Colorado originally perceived itself to be "a winner", but now sees that it will owe more than it will gain and is joining the state of Kansas in opposing the tax refund and supporting H.R. Chairman Barton asked Moran what allocation formula his bill provides for.
www.agiweb.org /gap/legis106/kansastax.html   (3235 words)

 2004 Georgia Motor Vehicle Ad Valorem Assessment Manual   (Site not responding. Last check: 2007-10-08)
The Motor Vehicle Ad Valorem Assessment Manual is prepared annually by the Property Tax Division of the Georgia Department of Revenue and contains the official assessments and the assessment procedures that are used by county tax commissioners for the 2004 tax year.
The vehicle valuations are taken directly from the manual that is distributed by the Revenue Commissioner for use by county tax commissioners for motor vehicle registration.
The valuations in this manual provide the assessed value on vehicles against which the 2004 motor vehicle millage rate is applied to determine the ad valorem tax due on a vehicle.
www.etax.dor.ga.gov /ptd/cds/mvman/2004/index.shtml   (693 words)

 MSBU - Non-Ad Valorem Assessment Notice - Fiscal Services Department - Seminole County Government - Florida   (Site not responding. Last check: 2007-10-08)
A Non-Ad Valorem Notice is mailed annually in August to each property owner located in Unincorporated Seminole County that participates in an MSBU district.
No response is required unless (a) you need more information or clarification regarding the assessments, (b) you choose to attend the Public Hearing, or (c) you want to change the Option noted for your solid waste collection and disposal services.
As both property taxes and non-ad valorem assessments must be paid at the same time, and since both fees have potential lien implications for nonpayment, most escrow accounts established with financial institution (bank, credit union, or mortgage company) include provisions to pay for the total charges noted on a property tax bill.
www.seminolecountyfl.gov /fs/msbu/msbuvalorem.asp   (417 words)

 Non-Ad Valorem Assessments
The Non-Ad Valorem Department is responsible for preparing a certified Non-Ad Valorem Assessment Roll for twenty six special assessment districts under supervision of the Board of County Commissioners.
As properties are combined and split on the Property Appraiser’s roll they must also be synchronized with the Non Ad Valorem roll.
The Budget for all districts must be prepared and approved by the OMB Department as well as the Board of County Commissioners.
www.hcbcc.net /NonAdvalorem.html   (177 words)

 SSRN-Pitfalls in the Use of Ad Valorem Equivalent Representations of the Trade Impacts of Domestic Policies by John ...
The difficulty for modellers is that the detail and subtlety embodied in a wide array of policy interventions means that some simplification is appealing, but no meaningful general propositions exist in the theoretical literature as to the sign or size of the differences in predicted effects.
As a result, there is relatively little in the literature that provides guidance as to how serious the pitfalls may be, and how misleading ad valorem tariff equivalent treatment is. Here I draw on three examples of numerical modelling where explicit representation of policy interventions are used.
Whalley, John, "Pitfalls in the Use of Ad Valorem Equivalent Representations of the Trade Impacts of Domestic Policies" (June 2005).
papers.ssrn.com /sol3/papers.cfm?abstract_id=756665   (412 words)

 Texas Comptroller's Office: An Inventory of Comptroller's Office Ad Valorem Tax Volumes at the Texas State Archives, ...
There are 58 volumes that document the ad valorem taxes due on lands situated in unorganized counties in Texas, 1871-1913.
Ad valorem taxes are normally collected by tax assessors/collectors in the county where the property is located.
This subseries consists of 24 volumes documenting the receipt by the Texas Comptroller's office of ad valorem taxes from non-residents of counties in which the taxed property was located, 1879-1902.
www.lib.utexas.edu /taro/tslac/30107/tsl-30107.html   (6830 words)

 Ad Valorem Tax * Gulf Shores Alabama Real Estate and Orange Beach Condos from Allen Johnson - The Beach Man can find ...
Ad Valorem Tax * Gulf Shores Alabama Real Estate and Orange Beach Condos from Allen Johnson - The Beach Man can find you investment property orange beach or gulf shores condos.
Ad-valorem can also be assesed on other property, such as cars for example, as is the case in the state of Georgia.
Ad valorem is Latin for "According to value".
www.thebeachman.com /ad-valorem-tax.html   (378 words)

 HR 824 - Ad valorem tax; appraisals; continuing use of property - CA
A RESOLUTION proposing an amendment to the Constitution so as to provide that owner occupied, residential real property and interests therein shall be appraised for ad valorem taxation purposes at their fair market value on the basis of continuing that property's highest and best use; and for other purposes.
2- 9 (3) Motor vehicles may be classified as a separate 2-10 class of property for ad valorem property tax purposes, 2-11 and such class may be divided into separate subclasses 2-12 for ad valorem purposes.
The General Assembly may also 2-20 determine what portion of any ad valorem tax on motor 2-21 vehicles shall be retained by the state.
www.legis.state.ga.us /legis/1997_98/fulltext/hr824.htm   (561 words)

 Toxic tax assessments: The ad valorem taxation of contaminated property Real Estate Issues - Find Articles
Toxic tax assessments: The ad valorem taxation of contaminated property
These cases present courts with difficult and competing questions of law, equity, and public policy concerning the interplay of ad valorem taxation and sound environmental policy.
Consequently, the legal premise of ad valorem taxation, which is to assess taxes against property at a certain rate upon its value, and the public policy concerning environmental cleanup, namely that the polluter pays, are often seemingly at odds.
www.findarticles.com /p/articles/mi_qa3681/is_199910/ai_n8870412   (883 words)

 Prepayment of Non-Delinquent Ad Valorem Real Property Taxes - Sedgwick County, Kansas Treasurer's Office
Prepayment of Non-Delinquent Ad Valorem Real and Personal Property Taxes will only be made in conformity with the following payment guidelines and in conformity with all existing law.
It is entirely the responsibility of taxpayer to actually deliver all prepayments to the Sedgwick County Treasurer in a timely fashion under these guidelines, within the terms of the applicable Prepayment Agreement and pursuant to existing law.
Until ad valorem Real and Personal Property tax statements are created and the amounts accumulated by each taxpayer participating in this prepayment program have been posted to their respective tax accounts, the ownership of the prepayments made hereunder resides with the taxpayer.
www.sedgwickcounty.org /treasurer/prepayment_guidelines.html   (953 words)

 Fitch Rates Gulf County, Florida's $10.6MM Limited Ad Valorem Tax Bonds 'BBB' (via CobWeb/3.1 planetlab2.tamu.edu)   (Site not responding. Last check: 2007-10-08)
The 'BBB' rating on the county's limited ad valorem tax bonds is based on the desirability of the oceanfront location, the short duration of the bonds, and the additional taxing capacity that exists under the maximum tax rate allowed by county ordinance.
The bonds are secured by a limited ad valorem tax pledge within two municipal service taxing units (MSTUs).
Pursuant to a 2006 ordinance adopted by the board of county commissioners, the Cape San Blas Gulfside MSTU and the Cape San Blas Interior MSTU were established for the purpose of financing an extensive beach renourishment and reconstruction project.
www.quote.com.cob-web.org:8888 /qc/news/story.aspx?symbols=BWIRE:100&story=200612042316_BWR_86515029   (867 words)

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