Question: Ad valorem is Latin for according to value. Ad Valorem taxes apply to real estate properties. Your town has recently passed a Budget of $79.5

Ad valorem is Latin for "according to value. Ad Valorem taxes apply to real estate properties. Your town has recently passed a Budget of $79.5 million for next year. Total assess values of the all Real Estate properties in the town is $3, 976 million. According to the town, your home has a assessed value of $280,000. This means your ad valorem taxes for the next year are likely to be:

	a.	$ 4,250
	b.	$ 7,250
	c.	$6,985
	d.	$ 5,599

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