
McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver
Edition 3ISBN: 978-0077328368
McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver
Edition 3ISBN: 978-0077328368 Exercise 2
What is an ad valorem tax Name an example of this type of tax.
Explanation
Ad valorem Tax
Ad valorem Tax: The tax which is based on the fair market value of the property is called as an ad valorem tax.It is generally collected annually.Example: Real property taxes and personal property taxes
Ad valorem Tax: The tax which is based on the fair market value of the property is called as an ad valorem tax.It is generally collected annually.Example: Real property taxes and personal property taxes
McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver
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