What is the tax on Ad Valor?

AD Valor tax is a type of tax, which is collected from the assets according to its value. According to AD Valor tax, people who own certain types of assets are obliged to pay regular taxes that represent a percentage of the value of the property. One of the most widespread forms of this tax is the real estate tax that people have to pay for real estate.

The Latin phrase "ad valore" means "by value". Depending on how regional laws relating to taxation are laid down, the tax on Ad Valor may be assessed when purchasing assets in the form of tax tax or tax tax (VAT) or can be collected later, such as once a year or once a quarter. The Ad Valor taxes can also be assessed on goods, imports and in other circumstances where the value of the value changes the hands.

Funds obtained by such taxes are used to support the functioning of the government. Men of provincial government have a tax boatHe has their own taxes from Ad Valor about Ad Valor and municipalities, such as additional real estate taxes for people within urban limits. The rate of taxation may be determined by a legislature or a folk vote; For example, city citizens could vote for another quarter of a percentage of turnover tax to support the citizen's initiative. That is why turnover taxes may differ significantly from the city to the city, because retailers must collect the share of the state or provincial government and the share of the required municipalities.

In the case of AD Valor tax evaluated from real estate, cars and other personal assets, it is possible to appeal to the evaluated value if people think it is unfair. In general, the assets are not re -evaluated until the hands are changed, which sometimes works for the benefit of the owner, as when the value of real estate increases, but pays real estate tax on the basis of the selling price 10 years ago, but it can also have a problem when the value of assets decreases. Tax evaluators do not charge for the EVHADemonstration of real estate.

Legislators occasionally fight for taxation Ad Valor. Some people feel that such taxation is a very effective and effective way to quickly raise money to finance various government companies, while others claim that these types of taxes penalize people for buying or maintaining ownership of value. The conservatives tend to prefer the reduction of Ad Valor taxes, while the liberals often strive for maintenance or increase, according to the argument that these resources are needed to support the smooth operation of the government.