Owning property comes with its fair share of responsibilities, and while most homeowners are familiar with traditional property taxes, there’s another charge that often appears on tax bills—non-ad valorem assessments. These assessments, unlike property taxes, aren’t based on the market value of your home but rather on the cost of specific services that directly benefit your property. What Are Non-Ad Valorem Assessments? Imagine a world without fire rescue services, garbage collection, or well-maintained roads. These are just a few of the services funded by non-ad valorem assessments. Unlike traditional property…
Read MoreEssential Guide to Non-Ad Valorem Assessments: Avoid Unexpected Property Charges
