Automobiles: Imported vehicles are often subject to ad valorem tariffs to support domestic car manufacturers. For example, a 10% tariff on a car valued at $30,000 would add $3,000 to the cost.

Some experts point out that the price of a new car will increase from 3 thousand to 4 thousand dollars minimum due to tariffs ...

LVT is also known as a site valuation tax, an example of an ad valorem tax. Ad Valorem is a Latin phrase meaning “according to value.” Modern examples of these include municipal land ...

Local governments utilize ad valorem tax revenue. Among Mississippi’s bordering neighbors, only Tennessee excluded ad valorem taxes in its car tag fees. Other taxes on property are more moderate ...

House Bill 186, filed by Rep. Jordan Ridley, would eliminate the title ad valorem tax on inherited vehicles, such as cars, trucks, boats and more. Currently, state law requires those inheriting ...