Oklahoma stands out as an anomaly among U.S. states, as it does not allocate ad valorem (property) tax revenues to municipalities for their general fund. This unique situation underscores the ...

Derived from the Latin term meaning “according to value,” an ad valorem tariff is a tax imposed on goods based on their value rather than their quantity or weight. This type of tariff is ...

Agricultural products: Many countries impose ad valorem tariffs on imported agricultural goods, such as fruits, vegetables, and dairy products. For example, a 15% tariff on imported cheese valued ...

In 2026, when it’s expected that currently planned commercial developments will be completed, Charlotte County’s share of the ad valorem tax is estimated to be $1.8 million, based on a ...

Section 196.1978(2)(a) was further amended in June 2022, effective Jan. 1, 2023, and applicable to the 2023 tax roll, to clarify the date that the ad valorem tax exemption takes effect.

This year the ad valorem tax levied on all personal property will be 15.3 cents per $100, the ad valorem tax on real property set at 12.1 cents per $100, and the ad valorem tax on motor vehicles ...

Ad valorem taxes are most commonly associated with property taxes, but they can also apply to other areas such as import duties on goods. In the context of property taxes, homeowners are required ...