John R. Wood Properties
Lenore Vitale, John R. Wood PropertiesPhone: (239) 370-7030
Email: [email protected]

Tag: Millage Rate

Posted on 12/05/2022
Ad valorem tax & other important tax 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 11/21/2022
Tax term basics: Millage rate and more
Millage rates are just one of the many specialized tax terms property owners are likely to encounter. While it's often used interchangeably to mean "tax rate," millage rates have some key differences. Here is a guide to understanding millage rates and a few other important pieces of property tax terminology: Millage rates Millage rate has nothing to do...
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