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...

If you’re a homeowner or potential homebuyer, you may be wondering how to add value to your home. Most of us know the advice of giving your home a fresh coat of paint, repairing and maintaining large features such as HVAC systems or roofs. But what other ways can you add to a home’s resale value? Here are...