| Ad
Valorem |
The
municipality attempts to ensure that taxes are fairly
and equitable divided. This is based on the value of your
property and is called "ad valorem" or according
to value. Nevertheless, the amount of property taxes you
pay is dependent on the municipal budget requirements
and not on the assessor's valuation of the property. The
municipal budget is drawn up yearly and the money to pay
for the various goods and services that the budget identifies
is paid from the property taxes collected.
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