Dale Sorensen Real Estate, Inc

Tag: Property Tax

Posted on 12/11/2022
Ad valorem tax, millage rates & more: Key terms to know
Ad valorem is a Latin term meaning "according to value." In tax language, ad valorem means a flexible value dependent on the specific asset. Ad valorem is just one of many important terms related to property taxes you should know. Here are a few more examples of important property tax terms: Assessed value Assessed value refers to the...
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Posted on 10/23/2022
3 Tips for avoiding a property tax late fee
State laws impose property tax late fees for those who don't pay their taxes on time. These fees can vary in severity and amount by location, and often collect interest until you pay them in full. Luckily, property tax late fees are an avoidable expense as long as you understand your local tax code. Here are some tips...
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