What is “ad valorem?”

Ad valorem is Latin for "according to value," and is also a term used to describe property tax.

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1. What is “ad valorem?”
2. How is the City's property tax rate determined?
3. How is property tax collected?
4. How is tax revenue used by the City?
5. What is a Fiscal Year and when does it begin?
6. How is my property value determined?