Ad valorem taxes are taxes based on the property value. Essentially, you would take the value of the home and multiply it by the tax rate (or millage rate) of the previous year. The value of your home should be entered as accurately as possible to give you correct results.
If you recently purchased the home, you can use the appraisal you received at the closing. The assessed value of the property may not have caught up with the tax system, so if you had an old tax rate, it may not be valid anymore. For instance if you got a preconstruction tax bill based on your build-able lot, with no structure, your rate will rise considerably once the structure is complete.
Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.
Find your perfect Miami Home through Miami Estate and Condos!
http://www.miamiestatesandcondos.com
Guru Spotlight |
Phyllis Serbes |