What are ad valorem property taxes?

Ad valorem property taxes are taxes based on the assessed value of a property.  The most common ad valorem property tax examples include:

  • Real estate: land and the home and/or other buildings on the land
  • Personal property: trailers, motor homes, golf carts, motorbikes, business machinery and more
  • State Assessed Utilities: pipelines, natural gas, electrical lines and railroad

Property tax statements will be issued after mill rates are finalized and taxes are calculated, on or before November 1.

Show All Answers

1. What is Revenue Neutral?
2. What is the Revenue Neutral Rate?
3. Why would the City, or any jurisdiction, want to increase revenue?
4. Will my property taxes increase as much as my appraised value increased?
5. Why are we letting you know about the taxpayer notification form and RNR?
6. What is the City doing to offset the increase in Appraised Property Values?
7. What exactly will be on the taxpayer notification form?
8. Where can I find more information regarding budget and property valuation?
9. What are ad valorem property taxes?